Directors & Officers Liability Insurance

Directors & Officers Insurance

• Directors & Officers liability insurance is purchased by organisations to cover a person in managerial or supervisory position or someone on whose recommendation the board acts.
• D&O insurance provides coverage irrespective of designation that includes retired, present or future directors.
• Directors and officers liability insurance is a blanket cover that works on an unnamed basis.

Directors & Officers Liability Insurance benefits

• D&O insurance policy provides coverage to the director or officer if they are sued for any alleged wrongful acts in their capacity.
• Standard D&O insurance has primarily two operating clauses with the option of electing the third clause.
• Side A Clause: D&O insurance protects directors and officers from claims made directly against them when the organisation is financially unable or legally prohibited to provide indemnity.
• Side B Clause: Company gets the reimbursement if the payment is made to 3rd party on behalf of its Directors and officers.
• Side C Clause: This clause refers to the entity security coverage as it protects the company when a claim is made directly against the entity for securities litigation claims.

Policybazaar Advantages

• Claim Assistance: 24X7 claim assistance for hassle-free settlement
• Dedicated RM Assigned: A dedicated relationship manager is assigned to resolve service-related queries.
• Expert Assistance: Get complete assistance from our expert advisors in order to assess your business risk and provide you with the best coverages for your business.
• Swift Response with Multiple Mode of Communication Response: get all your queries and requirements answered swiftly using your preferred mode of communication (Call, Email, WhatsApp, Video Conference, In-Person meeting)

Extensions/Add-ons under D&O Liability Insurance

• Emergency Costs
• Crisis Response
• Mitigation & Avoidance Services
• Assets & Liberty costs
• Kidnap response
• New subsidiaries

Who All can be covered under Directors & Officer Insurance?

• Company Secretaries
• Legal Heirs
• Directors
• Employed Lawyers
• Estate Representatives
• Officers
• Spouses
• Contractors / Sub Contractors