Directors & Officers Liability
Directors’ & Officers' Liability Insurance safeguards corporate leaders against personal losses due to legal actions related to their management decisions.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Empower Your Leadership with Confidence
Directors’ & Officers' Liability Insurance from ₹800/month.
Definition
Directors’ & Officers' (D&O) Liability Insurance provides financial protection for corporate directors and officers against personal liabilities arising from their decisions and actions taken while managing the company. It covers legal defense costs, settlements, and other liabilities that could potentially devastate personal finances.
How does it work?
D&O Liability Insurance involves paying a premium in exchange for coverage against claims alleging wrongful acts in a managerial capacity. If a claim is made, the policy covers legal defense costs, settlements, and any court-ordered compensation, up to the policy limits. Understanding the coverage, exclusions and limits is vital for ensuring adequate protection.
What’s Covered
Negligence orMismanagement Allegations coverage for claims alleging poor decision-making or mismanagement.Breach ofDuty or Trust protection against claims of failing to act in the company’s or shareholders’ best interests.Regulatory ComplianceIssues coverage for legal challenges related to regulatory compliance.Financial Misreportingprotection against claims of inaccurate or misleading financial reporting.
Shareholder Actionscoverage for legal actions brought by shareholders.
What’s Not Covered
Intentional Illegal Acts excludes coverage for acts known to be illegal or fraudulent.
Personal Profit Gains claims involving personal profit or advantage to which the director or officer is not legally entitled.Prior Known Incidents incidents or situations known prior to the policy start date.
Contractual Liabilities liabilities arising from contractual agreements outside the scope of D&O activities.Bodily Injury/Property Damage physical injuries or property damage claims, which are typically covered under other insurance types.
POLICYERA BENEFITS
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24/7 Claims SupportGet Best RecommendationCompare Plans From Major InsurersGet Covered Hassle Free