For any organization, the directors and officers are its key players both for its management and administration. These employees helm the company and make executive decisions that impact its future growth and profitability. However, being human, the officers of the company often make mistakes while discharging their duties. Such mistakes can cause third party losses […]
Directors and officers (D&O) liability insurance protects directors and officers, in the event if they get sued by employees, vendors, competitors, investors, customers, or third parties, for wrongful acts or omissions in managing a company. Refer the below infographic for more details.
Is D& O policy required in case of merger/acquisition? Mergers or acquisitions have become very common in today’s age when large companies take over or merge with smaller companies with a view to expand their business. Whenever there is a merger or an acquisition, the directors and officers of both the companies involved face a […]
A director and officer liability insurance, also known as D&O policy, is a liability insurance which offers coverage for the personal liability of directors and officers which may arise due to wrongful acts done by them in their managerial capacity. The defence costs are covered and payable in advance under this policy before the judgement […]
Start-ups grow so rapidly that it’s often difficult for them to correct course if they commit any mistakes. At their incubation and early start stage, start-ups usually ignore Directors and Officers Liability Insurance because of the misconception that this policy is required only for an organization on a large scale. But instances of non-compliance, breach […]
If directors act correctly, they may not be held liable for debts. As it is a well-acknowledged fact that company is a separate legal entity, but directors may be held liable for company’s insolvency if there has been some wrongful trading. A director can be held liable for corporate debts in certain scenarios such as: […]
Are there any real life examples where D&O has helped an organisation? A Directors and Officers (D & O) Liability Policy covers the directors and officers of the company against any financial liability that they suffer in case they make errors or mistakes in their jobs. The directors and officers of an organisation are responsible […]
In today’s volatile environment where everything is highly competitive and unpredictable it has become necessary to control expenses more than ever before. However companies which are in doubt about getting directors’ and officers’ liability insurance (commonly known as D&O insurance) should weigh the cost of not getting one against the risks and eventual costs that […]
What is the importance of having a Directors and Officers Liability policy in the wake of the Covid-19 pandemic?
In today’s times, when Covid-19 is causing havoc both to human life and economic activity, a directors and officers liability insurance policy protects directors against many possible new and emergent risks, apart from the usual liabilities that it covers. 2020 has started on a threatening note as Coronavirus, a new strain of virus which originated […]
Here’s How A D&O Policy Can Help You Attract New Talent