If you have been looking at directors’ and officers’ ( D&O ) liability insurance policies, you must have encountered the term ‘hammer clause’. It is important to understand what this means because it has financial implications for your claim settlement. This post examines the hammer clause to help you make the right choice when buying […]
Directors and Officers Liability Insurance
D&O insurance and breach of confidentiality
A company invests in directors’ & officers’ liability insurance to protect itself or its senior management. Such protection is needed if anyone sues the company or its top officials for actual or alleged professional misconduct. A D&O insurance policy covers the defense costs and settlements that could result from such a lawsuit and also covers […]
Contractual staff cover in D&O liability insurance
A directors’ & officers’ liability insurance policy covers an organization’s directors and officers. But would a D&O Liability insurance cover staff who are hired on a contractual basis? Key Takeaways Inclusivity of Non-Permanent Leadership: Modern D&O liability insurance policies extend protection beyond full-time salaried executives to include consulting directors, temporary officers, and contractual management personnel. […]
Wrongful employment practice claims under D&O insurance
The directors’ & officers’ liability insurance (D&O) policy covers wrongful employment practice claims. This post attempts to provide a better understanding of what kind of claims can be made under the category of wrongful employment practices. Key Takeaways Broad Spectrum of Eligible Claimants: Employment Practice Liability Insurance (EPLI) extensions under D&O policies protect executives against […]
D&O liability insurance – a claims-made policy
D&O liability insurance – a claims-made policy A directors’ & officers’ liability insurance is usually a claims-made policy. It indicates that the D&O liability insurance includes only the claims that occur and are reported while the policy is active. A claims-made policy is different from a claims-occurred policy. Because, in the latter, the policy that […]
Quick Guide to D&O Policy – Infographic
Directors and Management Officers in a corporate environment hold very responsible positions, not just from the corporate’s point of view but for external stakeholders, like investors, customers, the public at large, and the government. Any decision made by them has repercussions for everyone and carries a significant risk of generating an adverse result. Directors’ & […]
What are the myths that may break employees’ morale?
It is crucial that all employers keep their employees happy and engaged at work. However, there are some myths that are believed, that can break employees’ morale. Read more here.
D&O policy renewal
At SecureNow, we offer quotes from different D&O insurance providers that give you time to renew your D&O policy.
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. Key Takeaways Heightened Unprecedented Exposure: Unforeseen global disruptions and economic crises force corporate leaders to make swift decisions without standard playbooks, dramatically increasing exposure to […]
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. […]