Legal expenses can burn a deep hole in an organization’s pockets. With the surge in the number of lawsuits filed by employees (current, previous, and potential) against companies, additional coverage is necessary to prevent cash outflows. Employment Practices Liability Insurance or EPLI provides coverage to companies against such employment-related claims. This includes claims made for: […]
Directors and Officers Liability Insurance
What drives the cost of a D&O policy?
A Directors & Officers Liability Insurance Policy cover the legal cost faced by the directors and officers of an organization. The cost of a D&O policy protects them if they face a lawsuit because of any error committed by them. The policy also pays any settlements payable to third parties as compensation for the errors […]
How to File a D&O Insurance Claim
Directors and officers (D&O) insurance is a type of liability insurance that covers directors and officers for legal cases made against them. The policy covers the errors and omissions resulting from managerial decisions that can have adverse financial consequences. It also provides coverage for the legal fees and other costs the organization may have to […]
Features of a D&O liability insurance policy
A D&O liability insurance policy provides comprehensive coverage to a company’s directors and officers including defense cost, PR costs and more. If you are unsure about its benefits, read more here.
D&O eBook | Directors & Officers Insurance Made Easy
Here’s How You Can Protect Your Company’s Biggest Assets
An organization 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 […]
Do non-profit organizations need D&O liability insurance?
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 […]
Risks faced by directors and officers of an organisation
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.
How the D&O policy has proven itself to be a modern safeguard key decision makers of IT companies in 2020
Directors and officers of any company hold responsible and powerful positions and the decisions of these key personnel can impact every aspect of their firm or business. These key decision-makers are often personally held liable for any alleged breach of duty or negligence. Over the last years, many IT companies have grown to achieve large […]
D&O and corporate indemnification
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 directors & officers liability policy provides indemnification that covers legal expenses, defense, and settlement amounts […]