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Directors & Officers Liability Insurance

Buy D&O cover to protect against legal claims

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Please check Terms and Conditions.

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Directors & Officers Liability Insurance Policy

The policy covers legal liability including costs to defend any civil and/or criminal action against the Directors and/or Officers holding a responsible position.

  • 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.

  • 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 bring 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 an asset size of more than stipulated %.
  • Environmental liability & ADR claims originating from US/Canada.

  • 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.

Know More About Directors & Officers Liability Insurance

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FAQs

What are some of the major 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 the 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 an asset size of more than stipulated %.
  • Environmental liability & ADR claims originating from US/Canada.

What does Directors & Officers Liability Insurance cover?

The policy covers 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.

What are some of the policy features?

  • 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.
  • We may take over the defense of any claim at our discretion this would in no manner make us liable.
  • Any material changes are 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.

What are the required documents?

Documents required include

  • Proposal form.
  • Latest consolidated financials of the company.
  • Fast Track Renewal Declaration – In case the referral is our own renewal.

 

Which are the 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.

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