Director's & Officer's Liability (D&O Liability)

Directors' and officers' liability insurance, also known as D&O insurance, covers the cost of compensation claims made against your business directors, key managers or officers for alleged wrongful acts. These acts can be breach of trust, breach of duty, error, misleading statements, or wrongful trading practices.

What does D&O insurance cover?

The policy covers former, present and future members of the board of directors and the management comprising officers and employees in a managerial or supervisory capacity.

Why do you need a D&O insurance policy?

Some of the specific exposures that make D&O insurance necessary are:

  • Vulnerability to shareholder or stakeholder claims
  • Regulatory investigations
  • Sexual harassment, biased allegations and other employment practice violations
  • Accounting irregularities
  • Corporate Governance requirements
  • Exposures relating to mergers and acquisitions
  • Compliance with various legal statutes

Where can the liability come from?

The most likely persons or entities to file a suit against you are

  • Employees
  • Public
  • Regulatory Bodies
  • Competitors
  • Customers
  • Interest Groups
  • Shareholders

What D&O insurance does not cover?

  • Prior claims
  • Bodily injury and property damage claims
  • Fraudulent act or any willful misconduct
  • Pollution claims
  • Professional errors and omissions
  • Breach of copyright or infringement of patent or copyright
  • Nuclear exposure, war or any damage due to war

Why PolicyBazaar?

There are several D&O insurers to choose from and picking the right insurance plan can be a daunting task. At PolicyBazaar, you can compare the plans from top insurance companies in India and buy the one that best suits your business requirements. In these increasingly litigious times, your company's officers and board of directors are potential targets of financially crippling lawsuits.

Be prepared for it and buy the right plan from PolicyBazaar!

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