Sign-in / Sign-up
A wrongful act committed in the capacity as Director or Officer of the company during the period of insurance resulting in loss on account of claims made against the Company.
WHAT CAN BE INSURED
A wrongful act committed in the capacity as Director or Officer of the company during the period of insurance resulting in loss on account of claims made against the Company.
WHO CAN TAKE INSURANCE
The Company Directors and Officers of the Company.
RISK COVERED AND PREMIUM RATING
RISK COVERED
On behalf of Directors or Officers of the Company Loss arising from any claim made by the reason of any wrongful act committed in their capacity.
Losses arising from any claim made against the Directors or Officers for any Wrongful Act committed in their capacity but limited to the extent that the company shall be required or permitted to indemnify them in pursuant to the Law common statutory or the Memorandum or Articles of Association.
In general and simplified terms the legal liability to both the organization and the Directors and its officers that would attach on account of claims made by the Shareholders and/or other stakeholders in the Company.
As a professional organization you have appointed responsible Directors and Officers on your Board. However they are also human and may commit an unintentional act error or omission during their course of work/decision making and thus bring about a situation where your company or they in their capacity as Directors/Officers are sued. This is where United India's Directors and Officers Liability and Company Reimbursement Insurance policy comes to your rescue.
PREMIUM
Premium Computation:
Premium Rate/Table
POLICY EXCLUSIONS
Libel or Slander and damage to property
Infringement of copyright or patents
Injury from products manufactured Sold or Supplied by the Company
Director versus Director
Dishonesty fraud or malicious acts of the Director
Anything brought about consequent to actions prior to inception of policy
Taxes Fines Penalties or Punitive or Exemplary damages or any claim deemed uninsurable under Law
Liability in respect of personal guarantees or warranties
Liability in respect of seepage pollution
Consequential Loss
Radio Activity from any Nuclear/War Like Perils
Any claim brought about or contributed consequent upon any profit or advantage or any remuneration to which they are not legally entitled
