Directors and Officers Insurance
A business's top management holds a lot of decision making power within the company. So any claim of negligence or misconduct made against these individuals could derail its reputation and profitability.
Directors and Officers (D&O) Liability Insurance
seeks to extend financial protection to businesses in managing their legal liability that arises as a result of lawsuits claiming gross negligence, wrongdoing or misconduct by a director or officer.
What does Directors & Officers Insurance cover?
D & O Insurance covers legal costs incurred to defend any civil or criminal action taken against company executives. This legal action could be brought on by the business’s own employees, competitors, or members of the public including customers, shareholders or regulatory authorities.
Claims made on the following grounds are covered:
Regulatory investigations
Accounting irregularities
Allegations of sexual harassment, discrimination, wrongful termination or other employment practice violations
Shareholder/stakeholder claims
Misconduct relating to mergers and acquisitions
Failure to comply with corporate governance requirements or legal statutes
The exact coverage varies by policy
Why opt for this policy?
Essential coverage for all businesses
D & O is a fundamental safety net for all establishments- especially businesses who are more vulnerable to culpatory claims
All-inclusive coverage
D & O Insurance offers comprehensive coverage for not just legal costs and damages, but also securities-related grievances for publicly traded companies
Extended Covers
D & O Insurance comes with additional covers for retired directors, heirs and representatives, subsidiaries, and outside directorship
Learn about Directors and Officers Insurance in detail HERE
Girnar Insurance Brokers Private Limited
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- Insurance is a subject matter of solicitation. All insurance products are offered through Girnar Insurance Brokers Private Limited (IRDAI License no. 588)
- Information presented on this website is for educational purposes only and should not be treated as legal, financial or any other form of advice. No party shall be held liable for financial or other any other form of loss incurred by the user or any affiliated party on the basis of information provided herein.