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, […]

Read More

Are Directors Personally Liable For Company Debts?

If directors act correctly, they may not be held liable for debts. It is a well-acknowledged fact that a company is a separate legal entity. However,  directors may be held liable for the company’s insolvency or non-payment of debts if the company wilfully defaults. In the case of many private investments, the investors insist that […]

Read More

D&O cover for estates 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 […]

Read More

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 on your claim settlement. This post examines the hammer clause to help you make the right choice when buying […]

Read More

D&O insurance and breach of confidentiality

A company invests in directors’ and officers’ (D&O) 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 […]

Read More

Contractual staff cover in D&O liability insurance

A directors’ and officers’ (D&O) 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 […]

Read More

Wrongful employment practice claims under D&O insurance

The directors’ and officers’ (D&O) liability insurance 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 […]

Read More

D&O liability insurance — a claims-made policy

A directors’ and officers’ (D&O) liability insurance is usually a claims-made policy. What this means is that it only covers claims that occur and are reported when the insurance policy is active. A claims-made policy is different from a claims-occurred policy because, in the latter, the insurance that was active when the incident occurred has […]

Read More