DIRECTORS & OFFICERS LIABILITY POLICY

The Directors and Officers Liability Policy covers the legal liability including the costs to defend any civil and / or criminal action against the Directors and / or Officers holding a responsible position in an organisation for any wrongful act, error or omission committed by them in course of their discharge of duties, in running the operations of the company and any other acts for and /or on behalf of the company.

What's Covered
This liability insurance policy provides coverage for:
1.Awards made against you as a Director / Officer
2.Claimant's legal costs awarded
3.Own legal expenses incurred in defence
4.The company is only covered to the extent of legal expenses incurred in 5.defending a Director/ Officer proceeded against subject to terms and conditions of the policy.

What's Not Covered
We will not pay for:
1.Contractual liabilities
2.Loss of goodwill/ market, consequential losses
3.Libel, slander, false arrest, defamation (personal injuries) and mental 4.injury including shock, anguish etc.
5.Fines, penalties, punitive damages
6.War and nuclear perils

Likely Claimants
1.The most likely persons or entities to file a suit against you are
2.Shareholders
3.Public
4.Employees
5.Regulatory Bodies
6.Customers
7.Competitors
8.Interest Groups