The Directors and Officers (D&O) insurance policy can cover employment practices Liabilities if the extension has been purchased. Employment Practice Liability Insurance (EPLI) is the name of this extension. All D&O insurance cover claims made by employees on officers. However, unless you have an EPLI extension, employment claims made on the company will not be […]
Directors and Officers Liability Insurance
What is Side A coverage for directors and officers liability?
Directors and Officers liability is a comprehensive policy comprised of Side A, Side B, and Side C. Side A protects the directors and officers only. Here, takes the claims against directors into consideration when the company is unable to pay because of bankruptcy or legal provisions. On the other hand, Side B and C requires […]
Exclusions in a D&O liability policy
Nearly every insurance policy specifies what it will cover and what it will not. It is essential to understand these to benefit fully from your insurance policy. Similarly, there are certain exclusions in a D&O liability policy. Directors’ & Officers’ liability insurance offers wide coverage for the directors and officers of a company for alleged […]
Who are covered under Directors & Officers (D&O) Liability Insurance Policy?
Also, Directors’ & Officers’ liability insurance safeguards the personal liability of directors and officers. These liabilities may arise if the directors and officers do any wrongful act in their managerial capacity. Who all are covered under a Directors & Officers policy The policy covers a large number of people in a company, including: Directors and […]
What is the concept of estates in Directors and Officers liability insurance?
Directors and officers are the frontrunners or leaders of a company. They are the face of the company and work for the growth, development, and especially the profitability of the company. During the course of their work, directors and officers have to make various decisions on all aspects of the business. They handle managerial as […]
D&O cover for estate and legal representatives
Directors and officers are often the face of a company and work for its growth and profitability. However, during the course of their work, they might have to make decisions that end up being wrong. Such errors and mistakes might attract lawsuits from employees, shareholders, customers, suppliers, stakeholders, or others. D&O liability insurance provides cover […]
The ‘hammer clause’ in a D&O policy
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 […]
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? Who is a contractual employee? A contractual employee is one who works for the employer under a contract. The employer hires such an employee for a particular […]
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. What are wrongful employment practice claims? Past or present employees of a company can make wrongful employment claims. The […]