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 & […]
Here’s How A D&O Policy Can Help You Attract New Talent
Why Angel Investors should influence their funded start-ups to buy a D&O Liability Insurance Policy?
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 […]
Importance of D&O coverage for start-ups In today’s dynamic market place, start-ups are exposed to various types of litigation risks. While there are new opportunities and greater innovation possibilities today, building or growing a business has become competitive and risky. It’s important for every business from a start-up to a well established company to have […]
Entrepreneurs Need to Take Care of their Top Executives. Here’s Why Being an entrepreneur requires grit, determination, insight, perseverance and many other such qualities that can take your business to new heights. However, no matter how good you are, you will always need a sincere and well-performing team to help you translate your goals into […]
An organisation 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 […]
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 […]
The Directors and Officers are vulnerable to various risks given the nature of their jobs. Insuring them against such risks is vital for the continued growth of the company.
In general, the term indemnification refers to one party agreeing to or being required to cover the expenses that another party incurs. For corporates (usually corporations or companies with limited liabilities), this involves indemnifying directors and officers. This means a D&O policy provides indemnification that covers legal expenses, defence, and settlement amounts that directors and […]