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’ […]
Directors and Officers Liability Insurance
Right price to buy D&O insurance policy – Infographic
Directors’ and officers’ liability insurance covers directors against legal liability arising from wrongful practices in their managerial capacity. The D&O insurance premium depends on a variety of factors. Deciding on the right price for Directors and Officers liability insurance requires obtaining multiple quotes. Additionally, conducting a thorough analysis of prices and coverage options is essential. […]
Features of D&O liability policy – Infographic
Directors and officers insurance offers protection to the personal assets of directors and officers of the company from the legal claims arising out of wrongful practices, errors, and omissions that occurred while performing their managerial duties. D&O insurance is a type of insurance policy that protects individuals who serve on the board of directors or […]
Need of Directors and Officers liability policy – Infographic
Directors and Officers (D&O) liability insurance is crucial in today’s corporate landscape. Directors & officers liability insurance protect directors and officers, in the event, that they get sued by employees, vendors, competitors, investors, customers, or third parties, for wrongful acts or omissions in managing a company. It protects directors and officers from legal actions brought against […]
The Most Significant Liabilities for a Company Director
Introduction– The Companies Act, 2013 (“The Act”) defines a director to mean a director appointed to the Board of a company. The Act consists of the concept of an ‘officer who is in default for the purposes of affixing liability. Liability applies on such person in respect of any contravention of the provisions of the […]
Is D&O policy required in case of merger/acquisition?
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 […]
If you own a small or medium business, do you need to buy D&O policy?
Many people believe and advocate that Directors’ and Officers’ liability insurance is necessary only for large enterprises. However, today, many small and medium businesses have started including this policy in their risk management portfolio. Every business, whether it is large or small can make mistakes. Hence, every business needs a quick and reliable recovery plan. […]
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, […]