Directors and Officers Liability Insurance
In today's business environment and increasing regulatory compliances and increasing investigation into companies by regulatory authorities, every corporate Directors and Officers, irrespective of the size of the company, is a exposed to litigation.
Today, Directors can be held personally liable for their own and fellow Directors’ decisions and could face serious financial loss through litigation from shareholders, competitors, customers & suppliers, regulatory bodies, etc.
The Directors and Officers (D&O) Liability Insurance endow with protection for claims brought against officers, directors and employees for genuine or supposed violation of duty, misstatements, neglect, or mistakes in their decision-making power.
The Scope of cover of D&O Policy includes :
Protection against any loss that the Organization may incur, on account of mistaken actions taken in their individual capacity as Directors & Officers in pursuance of their duties under Memorandum and Articles of Association.- Protection Against loss arising from claims made against them by reason of any wrongful Act in their Official capacity.
- Legal costs & expenses incurred with the written consent of the insurers arising out of prosecution (criminal or otherwise) of any Director / officer and attendance at any investigation, examination, inquiry or other proceedings by the authority empowered to do so.
- Provide indemnity to the estate of, legal heirs or legal representatives of the Director / officer in the event of the Director/officer becoming insolvent.
The terms and conditions, coverages, policy wordings, unlike other insurance policy, differ from insurer to insurer. Dossa, with our expertise in D&O policies, represent your business in the market and do the proper risk assessment and ensure that these policies, with modifications, if any, meet the expectations and requirements of the insured at the best price and protect their interest from financial loss.
In the event of any claim our support team coordinates for documentation and resolving the claims successfully.