Directors and Officers liability is a comprehensive policy comprised of Side A, Side B, and Side C. Side A protects the directors and officers only. Here, takes the claims against directors into consideration when the company is unable to pay because of bankruptcy or legal provisions. On the other hand, Side B and C requires […]
Articles Tagged: D&O insurance
Exclusions in a D&O liability policy
Nearly every insurance policy specifies what it will cover and what it will not. It is essential to understand these to benefit fully from your insurance policy. Similarly, there are certain exclusions in a D&O liability policy. Directors’ & Officers’ liability insurance offers wide coverage for the directors and officers of a company for alleged […]
Who are covered under Directors & Officers (D&O) Liability Insurance Policy?
Also, Directors’ & Officers’ liability insurance safeguards the personal liability of directors and officers. These liabilities may arise if the directors and officers do any wrongful act in their managerial capacity. Who all are covered under a Directors & Officers policy The policy covers a large number of people in a company, including: Directors and […]
What is the concept of estates in Directors and Officers liability insurance?
Directors and officers are the frontrunners or leaders of a company. They are the face of the company and work for the growth, development, and especially the profitability of the company. During the course of their work, directors and officers have to make various decisions on all aspects of the business. They handle managerial as […]
What drives the cost of a D&O policy?
A Directors & Officers Liability Insurance Policy cover the legal cost faced by the directors and officers of an organization. The cost of a D&O policy protects them if they face a lawsuit because of any error committed by them. The policy also pays any settlements payable to third parties as compensation for the errors […]