Directors’ & Officers’ liability insurance policies cover the financial liabilities that directors face if they commit mistakes in discharging their duties. The third parties who suffer the financial consequences of such mistakes hold them responsible for the financial losses. Accordingly, the third parties might file a lawsuit against the directors and officers of an organization. […]
Articles Tagged: directors’ and officers’ liability insurance
How to customise D&O insurance policy?
A D&O insurance policy covers the board of directors as well as key managerial personnel i.e. the officers of a business organization. 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, they might unknowingly cause a financial loss to […]
Renewal pricing in D&O insurance
A directors’ and officers’ (D&O) liability insurance policy provides financial protection to an organization’s key management personnel. This article focuses on the renewal pricing in D&O insurance. What is D&O insurance? A company’s managerial executives might make mistakes in discharging their duties. These mistakes, though not deliberate, might cause financial harm to a third party. […]
Can I include the add-on coverage after buying D&O insurance?
Organizations are at 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 D&O of the organization make decisions for the growth and development of the organization, they might make mistakes that might incur lawsuits and hefty settlements. The company suffers […]
How to select the insurance company for D&O Policy?
A director’s and officers’ liability insurance coverage is a must for organizations to protect themselves against financial liabilities brought on by third parties. The policy protects the directors and officers of the company against legal liability suffered due to errors and omissions. Such liabilities can be financially large, and by providing the necessary coverage, a […]
Renewing a D&O policy
Poor decisions or incorrect responses to events could prove financially crippling for a company’s employees, vendors, stakeholders, or other relevant third parties. If these individuals suffer due to decisions made by an organization’s directors or officers, they might file a lawsuit. Renewing the D&O liability insurance policy in a timely manner would avoid losses incurred […]
Insurance companies providing D&O policy in India
At present, India has about 24 life insurance companies and 32 general insurance companies. On the one hand, the former offers life assurance plans that cover the risk of premature death. Other insurance companies offer policies that cover various financial risks faced by individuals and companies. So which insurance companies provide D&O policy in India? […]
Buying Process of D&O Policy – Infographic
Directors’ and officers’ liability insurance is the most crucial cover to protect your directors and officers from legal liabilities arising out of their duties. Navigating the buying process of a Directors and Officers (D&O) policy can be complex. This blog provides valuable insights and guidance to help you make informed decisions and secure the right […]
How to choose the insurer for D&O Policy? – Infographic
There are many in India that offer directors’ and officers’ liability insurance. These companies offer various benefits under the policy and charge different premium rates. Looking to secure the right insurer for directors and officers liability insurance? Here’s a comprehensive guide on how to shortlist and choose wisely. There are couple of factors to take […]
Right price to buy D&O insurance policy – Infographic
Directors’ and officers’ liability insurance covers directors against legal liability arising from wrongful practices in their managerial capacity. The D&O insurance premium depends on a variety of factors. Deciding on the right price for Directors and Officers liability insurance requires obtaining multiple quotes. Additionally, conducting a thorough analysis of prices and coverage options is essential. […]