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?

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 might file a lawsuit against the directors and officers of an organisation. […]

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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, they might unknowingly cause a financial […]

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Renewal pricing in D&O insurance

A directors’ and officers’ (D&O) liability insurance policy provides financial protection to an organization’s key management personnel. This article focuses on the renewal pricing in D&O insurance. What is D&O insurance? A company’s managerial executives might make mistakes in discharging their duties. These mistakes, though not deliberate, might cause financial harm to a third party. […]

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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 might make mistakes which might incur lawsuits and hefty settlements. […]

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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 […]

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Renewing a D&O policy

Poor decisions or incorrect responses to events could prove financially crippling for a company’s employees, vendors, stakeholders, or other relevant third parties. If these individuals suffer due to decisions made by an organization’s directors or officers, they might file a lawsuit. Renewing the D&O liability insurance policy in a timely manner would avoid losses incurred […]

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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 offer life insurance plans that cover the risk of premature death. And there are other general insurance companies that offer policies that cover the different types of financial risks that individuals and companies face. So […]

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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 attributed such financial loss to the actions of the directors and officers, a […]

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