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 are involved in important executive and managerial decision making for the firm.  If they make any wrong decisions or overlook an important […]

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Are Directors Personally Liable For Company Debts?

If directors act correctly, they may not be held liable for debts. As it is a well-acknowledged fact that company is a separate legal entity, but directors may be held liable for company’s insolvency if there has been some wrongful trading. A director can be held liable for corporate debts in certain scenarios such as: […]

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Are there any real life examples where D&O has helped an organisation?

Are there any real life examples where D&O has helped an organisation? A Directors and Officers (D & O) Liability Policy covers the directors and officers of the company against any financial liability that they suffer in case they make errors or mistakes in their jobs. The directors and officers of an organisation are responsible […]

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What is a hammer clause in an insurance policy?

Gaining an insight on Hammer Clause is a prerequisite while availing of a Directors and Officers Liability Insurance policy. In order to know the impact of the hammer clause, one has to assess the financial repercussions of this clause on the claim settlement amount of such a policy. This clause provides the power to the […]

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What do you mean by breach of confidential information?

A breach of confidentiality happens when data or information provided to you by the client is disclosed to a third-party without the approval of the client. Even though the breach of confidentiality was unintentional; a client can still suffer financial losses due to this. In order to recoup the losses, the client can file a […]

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What do you mean by contractual staff in liability insurance?

A contractual staff member is an employee who works for the employer under a contract. A contractual staff member is hired for a particular job and is offered a specific payment for the job that he or she is doing. This is how a contractual staff differs from the permanent employee. A person performing his […]

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Is directors and officers liability insurance a claims-made policy?

Yes, Directors and Officers Liability Insurance is a claims-made policy. This policy is a pillar of strength through the dark phase for many a company, since it safeguards the directors, officers and management against financial crises arising due to alleged or actual wrongful acts. It is an inevitable part of a risk management portfolio and […]

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