Organizations are at constant risk of lawsuits and third-party claims if their key personnel commit any mistakes that cause a financial loss to third parties. Though the D&O of the organization makes decisions for the growth and development of the organization, they might make mistakes that might incur lawsuits and hefty settlements. The company suffers […]
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How to select the insurance company for D&O Policy?
A director’s and officers’ liability insurance coverage is a must for organizations to protect themselves against financial liabilities brought on by third parties. The policy protects the directors and officers of the company against legal liability suffered due to errors and omissions. Such liabilities can be financially large, and by providing the necessary coverage, a […]
Insurance companies providing D&O policy in India
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? […]
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 such financial loss is attributed to the actions of the directors and officers, […]
Buying Process of Doctors Professional Indemnity Insurance Online – Infographic
Medical practitioners and medical establishments can avail Doctor professional indemnity insurance to protect themselves against errors and omissions claims. Online buying process for indemnity insurance for doctors is most convenient, efficient, and transparent solution for medical professionals. Buying doctors indemnity insurance online offers several advantages. Firstly, it provides convenience, allowing doctors to compare multiple 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. […]
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 critical importance of having a Directors and Officers Liability policy in the wake of the Covid-19 pandemic.
In today’s times, when Covid-19 is causing havoc both to human life and economic activity, a directors and officers liability insurance policy protect directors against many possible new and emergent risks, apart from the usual liabilities that it covers. 2020 has started on a threatening note as Coronavirus, a new strain of virus that originated […]
What is the difference between group health insurance and individual health?
For salaried individuals, when it comes to considering health insurance, there are broadly two options available – group health insurance and individual health insurance. Though both plans offer healthcare coverage to an individual or the family, both plans differ by definition, details, and in other ways. Understanding the difference between group health insurance and individual […]
Switch from covid plan to overall health insurance
Published in Livemint. If you bought one of the two covid-specific products—Corona Kavach and Corona Rakshak—for the shortest tenor available, you may soon be left without a cover. The Insurance Regulatory and Development Authority of India (Irdai) launched the two products on 10 July that come with tenors of 3.5, 6.5 and 9.5 months. Once […]