Claim filing process under Directors & Officers liability insurance policy?
Claim filing process for Directors & Officers liability insurance policy can be complicated. It requires extra efforts due to the complex nature of claims involving high-level executives. It involves gathering extensive documentation, conducting thorough investigations, and navigating intricate legal and corporate governance issues to ensure accurate assessment and resolution of claims.
In this video, we will provide you with a step-by-step guide on how to file a claim, including the information you will need to provide, the documentation required, and the timeline for filing. Further. we will also discuss common reasons for claim denials and how to avoid them.
How to claim under D&O liability insurance policy?
- Immediately intimate us on receipt of a notice or if become aware of a claim arising on you.
- Prepare and submit claims documents to us or your insurance company
- Explain relevant incidents in sequence to the insurer
- Appoint a lawyer after consulting with the insurer
- The insurer will verify the documents and appoint a surveyor.
- The final proceedings will determine the processing of the claim.
In conclusion, filing a claim under a directors & officers insurance policy involves careful documentation and communication with the insurer. It is important to understand the terms and conditions of the policy to ensure that the claim process is smooth and successful.
If you need assistance finding the right claims process for D&O insurance for your employees, SecureNow can help. Contact us at 96966 83999 or write to us at support@secuenow.in and share your coverage requirements.
