Startups in India frequently opt for a Director and Officer (D&O) insurance policy to protect themselves from liability associated with their critical business decisions. Startup companies use this type of insurance. It provides insurance for financial losses caused by Directors or Officers’ alleged wrongful acts in an organization. Startups’ D&O insurance covers legal costs when […]
Articles Tagged: directors’ and officers’ liability insurance
Directors and Officers Insurance for Nonprofit Organisations
Directors and Officers (D&O) insurance is a crucial form of coverage for nonprofit organisations, providing protection for the board members and officers who make critical decisions on behalf of the organisation. This directors and officers insurance cover for nonprofit organisations safeguards against legal claims and liabilities that may arise from their actions or decisions while […]
Video- Know the right price for Directors & Liability insurance policy
Right price for Directors & Officers Liability insurance policy Understanding the key determinants that impact the pricing of Directors & Officers Insurance is crucial for companies. In this video, we will explore the various factors that insurers consider while determining the right price to buy Directors & Officers Liability insurance By the end of this […]
Video- Important features of Directors & Officers liability insurance
Important features of Directors & Officers liability insurance In today’s corporate world, it’s essential to have Directors and Officers liability insurance or D&O insurance. In this video, we’ll discuss the important features of a D&O policy and illustrate them with a real-life case study, so you can better understand how this coverage can benefit your […]
Video- Why do you need a Directors & Officers liability insurance?
Why do you need a Directors & Officers liability insurance? The management and administration of any organization depend heavily on its directors and officers. They are responsible for making executive decisions that impact the company’s growth and profitability. However, even the most competent officers can make mistakes, leading to third-party losses and potential lawsuits. To […]
What is the importance of retroactive date in liability insurance policy?
The retroactive date in a liability insurance policy is either – Date from which you have held uninterrupted insurance cover (despite changing insurers on renewal) or Date from which your insurer has agreed to provide The retroactive date in liability insurance policy is important because it determines how far back in time an incident can occur for your […]
How to choose the right insurer to buy a Director’s and Officers’ Liability insurance from?
A Director’s and Officers’ Liability Insurance provides directors and officers unmatched coverage to organizations and their key personnel against third-party liabilities. If they commit mistakes or neglect important details, they might suffer a liability claim from third parties. When such a claim arises, the D&O policy provides much-needed financial security. Moreover, the D&O policy […]
Are Directors & Officers personally liable For Company Debts?
Investors frequently require the Directors and Executive officers to be covered under protective insurance. This ensures that the company does not suffer any monetary losses arising out of an alleged act of the director. Investor directors are also concerned that they may face litigation because of their role on company boards. The awards by the […]
Which claims are settled by a D&O policy?
The directors and officers (D&O) insurance policy cover 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 claims settled by D&O Policy insurance provides a wide scope of coverage against third-party claims, including coverage for lawsuits. The policy is […]
Can directors buy D&O policy for themselves?
The role of directors The directors of an organization make efforts toward 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 make important decisions for the organization’s benefit. These decisions impact third parties too. […]