Directors & officers (D&O) liability insurance plays a crucial role by providing coverage against various losses or damages. It may arise against directors and officers of company for wrongful acts done by them in their executive capacity. In most cases, the benefactor also covers defense costs, usually paid around the time of the final verdict. […]
Articles Tagged: D&O insurance
How to raise the claim in D&O policy? – Infographic
Directors and officers insurance is a type of liability insurance that offers protection to directors and officers for any legal cases made against them. Directors and Officers Liability insurance claims process ensures a systematic approach to filing and resolving claims, providing clarity and guidance throughout the process. To file a claim under directors’ & officers’ […]
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. […]
Need of Directors and Officers liability policy – Infographic
Directors and Officers (D&O) liability insurance is crucial in today’s corporate landscape. Directors & officers liability insurance protect directors and officers, in the event, that they get sued by employees, vendors, competitors, investors, customers, or third parties, for wrongful acts or omissions in managing a company. It protects directors and officers from legal actions brought against […]
The Most Significant Liabilities for a Company Director
Introduction– The Companies Act, 2013 (“The Act”) defines a director to mean a director appointed to the Board of a company. The Act consists of the concept of an ‘officer who is in default for the purposes of affixing liability. Liability applies on such person in respect of any contravention of the provisions of the […]
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 expanding their business. Whenever there is a merger or an acquisition, the directors and officers of both companies involved face a volatile situation. During mergers and acquisitions, shareholders, stakeholders and other third parties associated with […]
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 or small can make mistakes. Hence, every business needs a quick and reliable recovery plan. […]
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 (D&O Policy). This ignorance results from the misconception that only big organizations […]
What are Side A, B, and C covers in a D&O policy?
A Directors and Officers Liability insurance policy is a very effective and essential liability cover necessary for all types of organizations. The policy is necessary for well-established MNCs, small and medium enterprises (SMEs or MSMEs), and start-ups. Equally important is an understanding of three parts coverage in a D&O Insurance Policy vide, Side A, B, […]
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 insurance cover claims made by employees on officers. However, unless you have an EPLI extension, employment claims made on the company will not be […]