Mergers or acquisitions have become common today. Large companies take over or merge with smaller companies with a view to expanding their business. Whenever there is a merger or an acquisition, the directors and officers of both companies involved face a volatile situation. During mergers and acquisitions, shareholders, stakeholders and other third parties associated with […]
Directors and Officers Liability Insurance
Case Studies in D&O insurance
The directors and officers liability insurance, also known as D&O policy, is a liability insurance that offers coverage for the personal liability of directors and officers. This liability may arise due to wrongful acts done by them in their managerial capacity. The defense costs are covered and payable in advance under this policy before the […]
Why should a start-up consider Directors and Officers(D&O) Insurance?
Why should a start-up consider Directors and Officers(D&O) Insurance? Start-ups grow so rapidly that it’s often difficult for them to correct course if they commit any mistakes. Additionally, at their incubation and early start stage, start-ups usually ignore Directors’ and Officers’ Liability Insurance (D&O Policy). This ignorance results from the misconception that only big organizations […]
Are Directors Personally Liable For Company Debts?
If directors act correctly, they may not be held liable for debts. It is a well-acknowledged fact that a company is a separate legal entity. However, under Directors personal liability, directors may be held accountable for the company’s insolvency or non-payment of debts if the company wilfully defaults. In the case of many private investments, […]
Are there any real life examples where D&O has helped an organisation?
A Directors & Officers Liability Policy covers the directors and officers of a company against any financial liability. They may suffer in case they commit any error or mistake in their jobs. The d&o organization are accountable to the shareholders, employees, and customers of the company. If they commit any error in discharging their duties, and […]
What is the importance of having a Directors and Officers Liability policy in the wake of the Covid-19 pandemic?
Covid-19 is causing havoc both to human life and economic activity. In these times, a directors’ and officers’ liability insurance policy protects directors against many possible new and emergent risks. Covid-19 induced responsibilities for Directors & Officers 2020 has started on a threatening note with Coronavirus. As more and more countries have been hit by […]
Why Angel Investors should influence their funded start-ups to buy a D&O Liability Insurance Policy?
Angel investors want their start-ups to succeed and what better way to ensure success than by influencing start-ups to invest in a D&O Liability Insurance policy for their directors? Start-ups are gaining popularity in India with more and more millennials getting the desired funding for their business ideas. Angel investors, venture capitalists, investment companies, etc. […]
D&O eBook | Directors & Officers Insurance Made Easy
Here’s How You Can Protect Your Company’s Biggest Assets
An organization no matter how small or big runs well because of its employees but can grow mainly because of the critical decisions made by the senior managers and directors. Being at the top of the employment hierarchy, the directors are indeed its most significant assets. Depending on the key responsibilities they handle, they are […]
Do non-profit organizations need D&O liability insurance?
Manufacturers buy liability insurance to safeguard against the risk of legal action in case their products harm someone. Similarly, business owners purchase liability insurance to protect themselves from lawsuits owing to accidental harm caused to their employees. Similarly, directors on a company’s board or other senior officers, who shoulder significant responsibilities, also need protection. Any […]