A directors’ and officers’ (D&O) liability insurance policy provides financial protection to an organization’s key management personnel. This article focuses on the renewal pricing in D&O insurance. What is D&O insurance? A company’s managerial executives might make mistakes in discharging their duties. These mistakes, though not deliberate, might cause financial harm to a third party. […]
Directors and Officers Liability Insurance
Can I include the add-on coverage after buying D&O insurance?
Organizations are at constant risk of lawsuits and third-party claims if their key personnel commit any mistakes that cause a financial loss to third parties. Though the directors and officers of the organization make decisions for the growth and development of the organization, they might make mistakes that might incur lawsuits and hefty settlements. The […]
How to select the insurance company for D&O Policy?
A director’s and officers’ liability insurance coverage is a must for organizations to protect themselves against financial liabilities brought on by third parties. The policy protects the directors and officers of the company against legal liability suffered due to errors and omissions. Such liabilities can be financially large, and by providing the necessary coverage, a […]
Negotiating the best price for a D&O policy
A directors’ and officers’ (D&O) liability insurance policy takes care of the financial liabilities of an organization’s senior management. Such liabilities arise when mistakes or wrong decisions occur. These, in turn, could result in financial losses for third parties. If these individuals then make a legal claim to recover their losses, a D&O policy covers […]
Renewing a D&O policy
Poor decisions or incorrect responses to events could prove financially crippling for a company’s employees, vendors, stakeholders, or other relevant third parties. If these individuals suffer due to decisions made by an organization’s directors or officers, they might file a lawsuit. Renewing the D&O liability insurance policy in a timely manner would avoid losses incurred […]
How is the premium paid in D&O Policy?
Organizations need employees in top managerial positions to make executive decisions for the benefit of the company. These decisions help the company grow and become profitable and so organizations try and recruit the best talent. Employees, however senior and experienced they might be, might, however, make mistakes during the course of their employment. They might […]
Insurance companies providing D&O policy in India
At present, India has about 24 life insurance companies and 32 general insurance companies. On the one hand, the former offers life insurance plans that cover the risk of premature death. And there are other general insurance companies that offer policies that cover the different types of financial risks that individuals and companies face. So […]
Why do I need a D&O policy?
The directors and officers are key players in the management and administration of any organization. These persons are at the helm of the company. They make executive decisions that impact the growth and profitability of the company. However, being human, the officers of the company often make mistakes while carrying out their duties. Such mistakes […]
What are the important features of D&O insurance?
The directors and officers of a company put in their best efforts to ensure the organization’s growth and profitability. However, if they make any errors when discharging their duties or if they are negligent, third parties might suffer a financial loss. If attributed the such financial loss to the actions of the directors and officers, […]
What is D&O Insurance Cost?
Directors & officers (D&O) liability insurance plays a crucial role by providing coverage against various losses or damages which may arise against directors and officers of the company for wrongful acts done by them in their managerial capacity. In most cases, the insurer also covers defense costs, usually paid around the time of the final […]