Director's and Officer's Liability Insurance

Directors and Officers Liability Insurance protects past, present and future Directors and Officers/Key Managerial Personnel (KMP) of profit or non-profit companies from damages resulting from alleged or actual unintentional wrongful acts they may have committed in their managerial capacity.

Director's and Officer's Liability Insurance Policy provides protection of claims brought against directors, officers, employees in the event of any actual or alleged unintentional error, misstatement, omission, misleading statement, or breach of duty.

Who are eligible for this policy?
This policy can be considered by
Public Liability Company
Non Profit Organization
Private Company

Why buy Directors and Officer's Liability Insurance?
Claims from employee's, clients and stakeholders may be made against any company and/or against the Directors and Officers/KMP of a Company. Since a Director or Officer can sometimes be held responsible for acts of the Company, most Directors and Officers will want to be covered rather than risk their personal assets.

What does this policy cover ?
Directors and Officers Liability Insurance provides indemnity to Directors and Officers for:

legal and defense costs, and
damages and expenses incurred,

Arising from claims brought against them, due to wrongful acts in their capacity as Director or Officer/KMP of a company.

Which incidents can lead to litigation on your Directors and Officers?
Including but not limited to Incident listed below may lead to possible litigation against Directors and Officers.

Irregularities in securities issues

Breach of duty to minority shareholders

Management integrity issues

Employment irregularities/harassment

Auditing and Accounting practices

Mergers & Acquisitions

Corporate Governance requirements

Compliance with various legal statute

Listing of stock or debt on a stock exchange

General Exclusion:
Below mentioned exclusions are standard and based on risk proposed. it may differ as per sole discretion of underwriter.

Bodily Injury and Property Damages

Professional Services

Pollution liability

Contractual liability

Consensual claims

USA Insured Vs. Insured

Dishonesty

Extensions:
Below mentioned list is an indicative extensions, it may vary based on risk proposed and sole discretion of underwriter.

Occupational Health & Safety Defense Costs

Pollution Defense Costs for non-indefinable losses

Shareholder Pollution Actions

Bilateral Extended Reporting Period

Retired Directors or Officers

Emergency Defense Costs

Spouses, Heirs & Representatives