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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What is D&O Insurance Cost?

A directors & officers (D&O) liability insurance plays a crucial role by providing coverage against various losses or damages which may arise against directors and officers of the company for wrongful acts done by them in their managerial capacity. In most cases, the insurer also covers defence costs and these are usually paid by around […]

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Is D&O policy required in case of merger/acquisition?

Is D&O policy required in case of merger/acquisition? Mergers or acquisitions have become common today. Large companies take over or merge with smaller companies with a view to expand their business. Whenever there is a merger or an acquisition, the directors and officers of both the companies involved face a volatile situation. During mergers and […]

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If you own a small or medium business, do you need to buy D&O policy?

If you own a small or medium business, do you need to buy D&O policy? Many people believe and advocate that Directors and Officers liability insurance is necessary only for large enterprises. However, today, many small and medium businesses have started including this policy in their risk management portfolio. Every business, whether it is large […]

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Why should a start-up consider Directors and Officers(D&O) Insurance?

Why should a start-up consider Directors and Officers(D&O) Insurance? Start-ups grow so rapidly that it’s often difficult for them to correct course if they commit any mistakes. Additionally, at their incubation and early start stage, start-ups usually ignore Directors and Officers Liability Insurance. This ignorance results from the misconception that only big organisations require this […]

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What are Side A, B, and C covers in a D&O policy?

What are Side A, B, and C covers in a D&O policy? A Directors and Officers (D&O) Liability insurance policy is a very effective and essential liability cover necessary for all types of organisations. The policy is necessary for well-established MNCs, small and medium enterprises (SMEs or MSMEs) and start-ups. It offers coverage for the loss […]

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What do you mean by EPLI? Is it covered in D&O insurance?

The Directors and Officers (D&O) insurance policy can cover employment practices Liabilities if the extension has been purchased. Employment Practice Liability Insurance (EPLI) is the name of this extension. All D&O insurances cover claims made by employees on officers. However, unless you have an EPLI extension, employment claims made on the company will not be […]

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What is Side A coverage for directors and officers liability?

Directors and Officers liability is a comprehensive policy comprised of Side A, Side B and Side C. Side A protects the directors and Officers only, here the claims against directors are taken into consideration when the company is unable to pay because of bankruptcy or legal provisions. On the other hand, Side B and C […]

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Exclusions in a D&O liability policy

Nearly every insurance policy specifies what it will cover and what it will not. It is essential to understand these to benefit fully from your insurance policy. Similarly, there are certain exclusions in a D&O liability policy. Directors’ and Officers’ (D&O) liability insurance offers wide coverage for the directors and officers of a company for […]

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