Directors & Officers Liability Insurance

Buy D&O cover to protect against legal claims

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 policy covers legal liability against the Directors and/or Officers holding a responsible position.

Legal liability includes costs to defend any civil and/or criminal action

It is not permissible to issue any D&O Policy with unlimited liability.

The maximum LOI we can offer is INR 35 Crores

Jurisdiction applicable is of India but as an extension, we can allow worldwide.

Documents required include proposal form, the latest consolidated financials of the company and Fast Track Renewal

This action may be brought by own employees, competitors or members of the public customers, shareholders, or even regulatory authorities

Jurisdiction applicable is of India but as an extension, we can allow worldwide.

What it covers?

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.

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 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.

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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Directors & Officers Liability Insurance