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 […]
Articles Tagged: D&O Insurance Policy
Who is the right insurer to buy a Directors & Officers Liability Insurance Policy from?
A director’s and officers’ liability insurance policy covers the liability that a company and its employees face if, due to their actions, third parties suffer any loss. The aggrieved third parties can file a lawsuit against the company’s directors and officers or against the company itself for the financial injuries suffered. When that happens, the […]
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, under Directors personal liability, directors may be held accountable for the company’s insolvency or non-payment of debts if the company wilfully defaults. In the case of many private investments, […]
Are there any real life examples where D&O has helped an organisation?
A Directors & Officers Liability Policy covers the directors and officers of a company against any financial liability. They may suffer in case they commit any error or mistake in their jobs. The d&o organization are accountable to the shareholders, employees, and customers of the company. If they commit any error in discharging their duties, and […]
D&O cover for estate 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 […]
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 for your claim settlement. This post examines the hammer clause to help you make the right choice when buying […]
D&O insurance and breach of confidentiality
A company invests in directors’ & officers’ 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 covers […]
Contractual staff cover in D&O liability insurance
A directors’ & officers’ 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 particular […]
Wrongful employment practice claims under D&O insurance
The directors’ & officers’ liability insurance (D&O) 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 […]
D&O liability insurance — a claims-made policy
D&O liability insurance — a claims-made policy A directors’ & officers’ liability insurance is usually a claims-made policy. It indicates that the D&O liability insurance includes only the claims that occur and are reported while the policy is active. A claims-made policy is different from a claims-occurred policy. Because, in the latter, the policy that […]