Which claims are settled by a D&O policy?

The directors and officers (D&O) insurance policy covers third-party liability claims against the directors and officers of an organization. The officers may face liability claims due to mistakes committed while performing duties. The D&O insurance policy provides a wide scope of coverage against third-party claims, including coverage for lawsuits. The policy is designed to cover […]

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Can directors buy D&O policy for themselves?

Can directors buy D&O policy for themselves? The role of directors The directors of an organisation make efforts towards the growth and development of the company. They are liable to the stakeholders, business vendors, suppliers, creditors, government, and even to the business. Normally, directors and managerial officers have to take important decisions for the organisation’s […]

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To what extent can defence costs be claimed under a D&O policy?

To what extent can defence costs be claimed under a D&O policy? Directors and Officers liability insurance policies cover the financial liabilities that directors face if they commit mistakes in discharging their duties. The third parties who suffer the financial consequences of such mistakes hold them responsible for the financial losses. Accordingly, the third parties […]

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How to customise D&O insurance policy?

How to customise D&O insurance policy? A directors and officers liability insurance covers the board of directors as well as key managerial personnel i.e. the officers of a business organisation. These key personnel take important executive and managerial decisions for the firm. If they make any wrong decision or overlook an important aspect of management, […]

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How does renewal pricing work in D&O Insurance?

How does renewal pricing work in D&O Insurance? A directors and officers liability insurance policy provides financial protection to the key management personnel of an organization for any errors that they might make. Being human, the company’s managerial executives might make mistakes in discharging their duties correctly. These mistakes, though not deliberate in nature, might […]

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Can I include the add-on coverage after buying D&O insurance?

Can I include the add-on coverage after buying D&O insurance? Organisations are under 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 directors and officers of the organisation make decisions for the growth and development of the organisation, they […]

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How to select the insurance company for D&O Policy?

A directors and officers liability insurance coverage is a must for organisations 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 […]

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How to renew D&O policy?

A director’s liability insurance policy is meant to cover third party liabilities and their legal consequences. Directors managers and officers of the company have the important task of creating  important policies for the organization. If they make any mistakes in taking decisions or unknowingly ignore an important aspect, they might make mistakes.  Such mistakes might […]

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How many insurance companies in India provide a D&O Policy?

In India, there are about 24 life insurance companies and 32 general insurance companies operating in the insurance industry. Life insurance companies offer life insurance plans that cover the risk of premature death. General insurance companies, on the other hand, offer a range of general insurance policies that cover the different types of financial risks […]

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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 stake-holders, like investors, customers, the public at large and government. Any decision made by them has repercussions for everyone and carries a significant risk of generating an adverse result. Directors’ & Officers’ […]

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