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Directors and Officers Liability Insurance
Safeguard your company's decision-makers against legal liabilities
Trusted by:
Policy Covers:
- Legal defense costs for lawsuits or investigations.
- Out-of-court settlement costs for claims related to managerial decisions.
- Public relations cost to protect your brand image.
Trusted by:
Pay ₹7,000* per yearand get ₹50 Lacs coverage
By clicking on "Continue", you agree to our Privacy Policy as well as our Terms of Use and Disclaimer
Directors and Officers Liability Insurance
Safeguard your company's decision-makers against legal liabilities
Pay ₹7,000* per yearand get ₹50 Lacs coverage
By clicking on "Continue", you agree to our Privacy Policy as well as our Terms of Use and Disclaimer
Trusted by:
Policy Covers:
- Legal defense costs for lawsuits or investigations.
- Out-of-court settlement costs for claims related to managerial decisions.
- Public relations cost to protect your brand image.
Trusted by:
What is Directors and Officers (D&O) Insurance?
Director’s and Officer’s (D&O) Insurance protects your company’s directors and decision-makers from the costs arising from legal liabilities. It means your company and your leaders are protected from the costs arising legal liabilities like ransomware, bail and bond cost, public liability cost.
Who needs Directors and Officers Liability Insurance cover?
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Why do you need Directors and Officers liability insurance?
Why do you need Directors and Officers liability insurance?
Regulatory Compliance
Fulfils the requirements of investors, stakeholders, and regulatory bodies who mandate D&O Insurance for doing business.
Financial Security
Directors & Officers Insurance ensures that legal defence costs and potential settlements or judgments are covered, maintaining the financial stability of the company.
Investor Confidence
Provides assurance to investors that the company's leadership is protected, enhancing overall investor confidence.
Legal Safeguards
Shields directors, officers, and decision-makers from personal financial loss due to legal actions arising from their decisions.
Decision Confidence
Fulfil the requirements of investors, stakeholders, and regulatory bodies who mandate D&O Insurance for doing business.
Why choose BimaKavach to protect your business?
The Power of Underwriting
Your Policy is built for your unique needs.
Best Price for Complete Coverages
You get the best price for your coverage.
24*7
Claims Support
All concerns will be addressed without delay.
Online Platform to Manage Your Bima
Your policy can be managed from anywhere.
Dedicated
Bima Expert
You get access to IRDAI-Certified Bima Experts.
Who’s this for?
What does Directors and Officers Insurance cover and exclude?
Coverages
Legal Fees or Defence Costs
D&O Insurance covers legal expenses to defend lawsuits, regulatory investigations, and related proceedings. This includes attorney fees, court costs, and associated expenses to legal counsel.
Bail Bond Expenses
D&O Insurance covers bail and bond costs for directors and officers facing work-related criminal charges, helping them secure release before trial.
Out-of-Court Settlements
Settlement costs are covered, contingent on D&O Insurance policy terms. Personal assets are shielded from the financial repercussions of settling claims and potential liabilities.
Investigation Costs
D&O Insurance covers reasonable expenses incurred by insured individuals, to perform the necessary investigations to create reports for their trail.
Managing Public Relation
Helps manage public relations and costs associated with protecting the company's reputation when directors or officers face allegations due to their work.
Kidnap and ransom cost
D&O Insurance covers costs associated with kidnapping and ransom of an insured person by force or fraud.
Extradition cover
Extradition cover in D&O Insurance provides protection for legal expenses when a director or officer faces extradition to another jurisdiction due to criminal charges linked to their managerial responsibilities.
Self-reporting expenses cover
Protects against financial liabilities arising from reporting a claim to relevant authorities, judiciary, or government entities. D&O Insurance includes legal costs and related expenses.
Additional Limit for Non-executive Directors and Officers
With this add-on D&O Insurance cover, you get an extra layer of protection added to the overall coverage limit for non-executive directors and officers of a company.
Exclusions
Office of Foreign Assets Control Sanction Clause
The Office of Foreign Assets Control is a US Treasury Department agency responsible for enforcing economic and trade sanctions. D&O Insurance policy doesn’t cover claims related to OFAC sanctions for directors or officers.
Financial Insolvency
Financial insolvency occurs when a company or individual cannot pay debts as they come due. D&O Insurance claims related to financial insolvency are not covered under this policy.
Bribes and Commission
The Directors & Officers Insurance policy does not cover claims and losses resulting from bribes and commissions
Money Laundering
Money laundering is the process criminals use to conceal the illegal origin of their income. D&O Insurance claims related to money laundering aren't covered under this policy for directors or officers.
Future Offering of Securities (IPO)
D&O Insurance excludes excludes claims or losses related to initial public offerings (IPOs) of securities. If a claim is IPO-related, directors or officers won't be covered under this policy.
War
If a claim arises against a director or officer due to events related to war, they won't be covered under D&O Insurance.
E-smoking Device
This refers to the exclusion of claims or losses associated with electronic smoking devices or e-cigarettes. Such claims won't be covered under D&O Insurance.
Opioids and Narcotics
Opioids are pain-relieving drugs, while narcotics like cocaine and heroin are also pain relievers. D&O Insurance claims involving opioids or narcotics decisions aren't covered under this policy for directors or officers.
Product Liability
This D&O Insurance clause excludes claims or losses related to product liability, the legal responsibility of manufacturers, distributors, and sellers for harm caused by their products. Directors or officers won't be covered for such claims.
Employee Retirement Income Security Act (ERISA)
The ERISA of 1974 sets standards for pension plans under U.S. federal tax and labour laws. D&O Insurance claims related to ERISA won't be covered under this policy for directors or officers.
Legal Fees or Defence Costs
D&O Insurance covers legal expenses to defend lawsuits, regulatory investigations, and related proceedings. This includes attorney fees, court costs, and associated expenses to legal counsel.
Bail Bond Expenses
D&O Insurance covers bail and bond costs for directors and officers facing work-related criminal charges, helping them secure release before trial.
Out-of-Court Settlements
Settlement costs are covered, contingent on D&O Insurance policy terms. Personal assets are shielded from the financial repercussions of settling claims and potential liabilities.
Investigation Costs
D&O Insurance covers reasonable expenses incurred by insured individuals, to perform the necessary investigations to create reports for their trail.
Managing Public Relation
Helps manage public relations and costs associated with protecting the company's reputation when directors or officers face allegations due to their work.
Kidnap and ransom cost
D&O Insurance covers costs associated with kidnapping and ransom of an insured person by force or fraud.
Extradition cover
Extradition cover in D&O Insurance provides protection for legal expenses when a director or officer faces extradition to another jurisdiction due to criminal charges linked to their managerial responsibilities.
Self-reporting expenses cover
Protects against financial liabilities arising from reporting a claim to relevant authorities, judiciary, or government entities. D&O Insurance includes legal costs and related expenses.
Additional Limit for Non-executive Directors and Officers
With this add-on D&O Insurance cover, you get an extra layer of protection added to the overall coverage limit for non-executive directors and officers of a company.
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When can I Claim?
A claim under Directors & Officers Insurance can be registered in the below circumstances:
- Allegations of sexual harassment, discrimination, and other employment
- If there are errors in financial reporting or other disclosures made by the company.
- Misuse or misrepresentation of data to investors or stakeholders.
- If accused of not acting in the best interests of the company or its shareholders.
Claim what’s yours with BimaKavach
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