Directors & Officers Liability Insurance | IFFCO Tokio General Insurance Company in India
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    The legal liability including costs to defend any civil and/or criminal action against the Directors and/or Officers holding a responsible position. This action may be brought against the Directors and/or Officers by Shareholders, own Employees, Customers, Competitors or Members of the public or even regulatory authorities

    Excluded Business Categories
    • Banks
    • Financial institutions
    • Companies who do not have a registered office in India (except for subsidiaries of an Indian insured)
    • Parent organizations through subsidiaries
    • Construction and related business
    • Advertising and Media Companies
    • Political Organizations and NGOs
    Coverage Exclusions
    • Fines and penalties and claims for seepage or pollution.
    • Excluded territories/jurisdiction.
    • Claims for bodily injury, property damage.
    • Known acts prior to inception.
    • War & nuclear risks.
    • Waiver of subrogation.
    • Criminal acts, libel, slander or other defamations and professional liabilities e.g. architects, managers etc.
    • Major Shareholders Exclusion: Any claim brought by major shareholders having  more than stipulated % of voting stock or by any security holder unless the security holders without instigation and totally independent of major shareholders brings about the claim.
    • Pending and Prior litigation exclusion.
    • Entity EPLI and Entity Security claims (except if covered as an extension).
    • Auto acquisition of subsidiaries with asset size more than a stipulated %.
    • Environmental liability & ADR claims originating from US/Canada.
    General Instructions
    • No admission of liability be given without our written consent.
    • We may take over defense of any claim at our discretion this would in no manner make us liable.
    • Any material changes be immediately notified to us.
    • In case of a claim or series we may pay up to indemnity limit and be free from any further liability.
    • We can include extensions above, which will be covered at nominal extra charge.
    • Jurisdiction applicable is of India but as an extension we can allow worldwide.
    Documents required
    • Proposal form
    • Latest consolidated financials of the company
    • Fast Track Renewal Declaration – In case the referral is our own renewal
    Capacity

    It is not permissible to issue any D&O Policy with unlimited liability. The maximum LOI we can offer is INR 35 Crores

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