Everything you need to know about Directors and Officers Liability Insurance Policy in India
A Directors and Officers Liability Insurance Policy protects the Board Members, Officers, and other executives of a company from claims of Wrongful Acts committed in their managerial capacity. A Wrongful Act in a D&O Policy can be a Breach of Duty, Neglect, Error or Omission, Misstatement, or Misleading Statement. The D&O Liability Insurance Policy provides cover […]
One of the common difficulties faced by company executives is understanding the difference between Directors & Officers Liability Insurance Coverage and Errors & Omissions Insurance Coverage. A common misconception is that Directors and Officer Liability Insurance Policy and Errors & Omissions Insurance cover the same thing. However, this is not true, and both insurance policies have completely […]
A D&O Liability Insurance Policy, also known as a Directors and Officers Liability Insurance Policy provides cover for legal expenses and compensatory damages for any wrongful act committed by the Directors and Officers of the Company in their managerial capacity. What does the D&O Insurance Policy Cover? A D&O Insurance Policy covers wrongful acts committed by the […]
The directors and officers of a company play critical roles in its management and administration. Many directors lend their expertise to the company and make executive decisions that affect the company’s growth and profitability. Though the directors and officers might not be responsible for the day-to-day operations of the company, these directors and officers they […]
One of the most important insurances that an organization has to purchase is the Directors and Officers Liability Insurance Policy. Litigations against the Directors and Officers are on the rise from multiple stakeholders such as customers, shareholders, employees, competitors, vendors, suppliers etc. and the frequency and quantum of damages awarded against the directors and officers […]
One of the biggest reasons for claim rejections under an insurance policy in India is that the Insured is unaware of the exclusions under the policy. It can be a very bad situation for the Insured, since he is under the notion that he is covered under his insurance policy and later realising that the […]
Litigation has increased tremendously in recent times. The cost of defending against such litigations has also shown a consistent upward trend. Employees today are completely aware of their rights and are not afraid to approach the courts to protect them. Similarly, shareholder activism is also on the rise and there are incidents of shareholders approaching […]