At present, India has about 24 life insurance companies and 32 general insurance companies. On the one hand, the former offers life assurance plans that cover the risk of premature death. Other insurance companies offer policies that cover various financial risks faced by individuals and companies. So which insurance companies provide D&O policy in India? […]
Directors and Officers Liability Insurance
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 directors and officers insurance Cost?
Directors & officers (D&O) liability insurance plays a crucial role by providing coverage against various losses or damages. It may arise against directors and officers of company for wrongful acts done by them in their executive capacity. In most cases, the benefactor also covers defense costs, usually paid around the time of the final verdict. […]
Who is the right insurer to buy a Directors & Officers Liability Insurance Policy from?
A director’s and officers’ liability insurance policy covers the liability that a company and its employees face if, due to their actions, third parties suffer any loss. The aggrieved third parties can file a lawsuit against the company’s directors and officers or against the company itself for the financial injuries suffered. When that happens, the […]
How do I buy a D&O policy?
The leaders of a company make important rules and decisions to help the company grow. The company’s executive employees affect other employees, suppliers, creditors, investors, and the government with their policies, decisions, and actions. For instance, if because of an erroneous action, decision, or judgment, a concerned third party suffers a loss, the directors and […]
How to file a claim under a D&O policy?
In an organization, directors and officers take managerial and executive decisions for the company. However, during the course of their activities, directors, and officers can make mistakes or neglect a part of their duties. They may do so unknowingly. However, if any third party suffers a loss due to the wrongful actions of the directors […]
Buying Process of D&O Policy – Infographic
Directors’ and officers’ liability insurance is the most crucial cover to protect your directors and officers from legal liabilities arising out of their duties. Navigating the buying process of a Directors and Officers (D&O) policy can be complex. This blog provides valuable insights and guidance to help you make informed decisions and secure the right […]
How to choose the insurer for D&O Policy? – Infographic
There are many in India that offer directors’ and officers’ liability insurance. These companies offer various benefits under the policy and charge different premium rates. Looking to secure the right insurer for directors and officers liability insurance? Here’s a comprehensive guide on how to shortlist and choose wisely. There are couple of factors to take […]
How to raise the claim in D&O policy? – Infographic
Directors and officers insurance is a type of liability insurance that offers protection to directors and officers for any legal cases made against them. Directors and Officers Liability insurance claims process ensures a systematic approach to filing and resolving claims, providing clarity and guidance throughout the process. To file a claim under directors’ & officers’ […]