Directors and Officers Liability Policy Insurance
Protects leaders from legal claims arising from their decisions and actions.
Directors and Officers Liability Insurance (D&O) is essential for protecting corporate leaders from personal financial loss due to lawsuits stemming from their decision-making. This policy covers claims of wrongful acts, errors, or omissions in their corporate roles, safeguarding them against litigation from shareholders, regulators, or other stakeholders.
Key Benefits
- Protection from legal claims against directors and officers.
- Covers misstatements, errors, neglect, and violations of duty.
- Shield against financial loss due to lawsuits or regulatory actions.
- Supports executives in performing their corporate duties without fear of personal liability.
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What does Directors and Officers Liability Policy Insurance
cover and exclude?
Advancement of Defense Costs
Insurer pays legal defense expenses as they are incurred.
Claims-Made Principle
Coverage applies only to claims made during the policy period.
Right to Defend
Directors and officers retain the right to defend themselves in court.
Coverage for Subsidiaries
Entities with over 50% ownership or board control are covered.
Outside Directorship Coverage
Extends protection to directors serving on external boards.
Cover for Retired Directors
Protection continues for up to 6–7 years after leaving the company.
Employment Practices Liability (EPL)
Covers claims of wrongful termination, harassment, or discrimination.
Professional Negligence
Protects against supervisory errors or breaches of duty.
Fraudulent Acts
No coverage for deliberate fraud or dishonest conduct.
Criminal Violations
Claims arising from criminal behavior are excluded.
Willful Breach of Law
Knowing or intentional violation of the law is not covered.
Prior Known Claims
Pre-existing or known legal disputes are excluded.
Fines & Penalties
Statutory fines or punitive damages are not reimbursed.
Bodily Injury & Property Damage
Physical injury or property loss is generally excluded.
War or Terrorism
Losses from acts of war or terrorism may be excluded unless added.
Emergency Costs Not Pre-Approved
Emergency legal or defense costs may be excluded if not reported or pre-approved by the insurer.
What is Directors and Officers Liability Policy?
Directors and Officers insurance protects directors and officers by covering defense costs, settlements, judgments, and other related expenses arising from claims made against them.
Why do you need Directors and Officers Liability Policy Insurance?
Protect Personal Assets
Safeguard your personal wealth against legal claims.
Manage Legal Risks
Cover the costs of defending against lawsuits and claims.
Attract Top Talent
Offer security and confidence to potential directors and officers.
Ensure Corporate Governance
Support sound decision-making and protect against managerial errors.
Protect Personal Assets
Safeguard your personal wealth against legal claims.
Manage Legal Risks
Cover the costs of defending against lawsuits and claims.
Attract Top Talent
Offer security and confidence to potential directors and officers.
Ensure Corporate Governance
Support sound decision-making and protect against managerial errors.
Leadership Protection
Protects directors and officers from personal financial liability.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Legal Defense Coverage
Covers legal costs, settlements, and judgments from claims.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Liability Protection
Covers claims from shareholders, regulators, or stakeholders.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Executive Confidence
Allows leaders to make decisions without fear of personal risk.
A claim under Directors and Officers Liability Insurance can be registered in the below circumstances:
- If a director or officer faces a lawsuit for alleged misconduct or negligence
- When claims are made by third parties such as shareholders, employees, or regulators
- If legal defense costs arise from allegations related to corporate decisions
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