Can Directors Buy D&O Policy for Themselves?

Directors of an organisation do not purchase a D&O policy for themselves. It is the organisation that buys this policy for them. Moreover, the personal assets of a director or officer might come under the strain of a claim. Hence, it becomes crucial to verify if the organisation provides such insurance and protects the interests of a director.

Read more
director officers liabilit

Get right expert advice

Hassle-free policy

Speedy Claims

Fast-track your search with instant quotes from prominent insurers

Get Directors & Officers Liability Insurance Now

Get Directors & Officers Liability Insurance Now

We don't spam
Get Updates on WhatsApp
Check Plans for Free
By clicking on "" you agree to our Privacy Policy and Terms Of Use

Get Directors & Officers Liability Insurance Now

Get Directors & Officers Liability Insurance Now

Fast-track your search with instant quotes from prominent insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

D&O Policy

An organisation may have multiple directors. Their name might be present in a liability claim along with the organisation. Therefore, buying independent D&O insurance for each director is not practical.

The company may face various issues while finding the liability of each director. Hence, a single policy can be bought covering every director and officer of an organisation. The policy can cover the director named in a lawsuit.

Risk Faced By Directors

  1. Cyber Attacks

    Since the lockdown, cyber attacks witnessed a sudden increase. The insurance companies registered several claims at once. Hence, the companies started increasing the premium amount and decreasing the policy coverage.

  2. Data Loss

    Data is the backbone of an organisation. If it losses, it may compromise the interest of the shareholders of the company.

  3. Insolvency Claims

    The directors and officer insurance policy protects the directors during the insolvency and bankruptcy of an organisation. It helps the organisation and directors filing bankruptcy for the company in the tribunal.

  4. Shareholder's Claims

    The company and directors may face several claims from the shareholder in case of loss in business. The D&O insurance indemnifies the directors and top management from such claims.

Conclusion

D&O insurance is a type of liability policy. Since the directors and officers of a company takes several critical decisions on a daily basis for the development of a firm, a firm should secure its directors and officers against the claim made by a third party. Hence, they may make an error or omission during the course of their employment. Therefore, the company must provide them D&O policy.

Director Officers Liability Insurance Articles
The importance of Directors and Officers (D&O) liability insurance has gained a lot of attention in India in...Read more
21 Feb 2023 by Policybazaar 4038 Views
Directors and Officers (D&O) insurance policies are crucial for protecting the personal assets and liabilities...Read more
24 May 2023 by Policybazaar 2221 Views
Directors and Officers (D&O) insurance is a type of liability insurance. It protects directors and officers of...Read more
18 May 2023 by Policybazaar 3215 Views
A Chief Marketing Officer (CMO), also known as a Chief Brand...Read more
26 Mar 2025 by Policybazaar 40 Views
The frequency of employment practice claims against...Read more
12 Jun 2024 by Policybazaar 676 Views
Directors and Officers (D&O) insurance is a critical risk...Read more
18 Apr 2024 by Policybazaar 753 Views
  • Disclaimers+

    +Premium varies on the basis of Occupancy, Business Activity & Coverage Type
    By clicking on "View Plans" you agree to our Privacy Policy and Terms Of Use and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.
    The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.

Resolve your doubts about insurance.

Our certified business insurance experts are just a call away.

Your call has been scheduled successfully.

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 08 Apr
  • 09 Apr
  • 10 Apr
  • 11 Apr
  • 12 Apr

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Tell us the number you want us to call on

Your privacy matters. We wont spam you

Call scheduled successfully!

Our experts will reach out to you on Today between 2:00 PM - 3:00 PM

undefined

We don't spam. Your privacy matters.

Thank you
Our experts will provide you assistance with your
insurance coverage. Be assured, all your questions
will be answered