Features of Future Generali Directors & Officers Insurance

Here are the key highlights of the policy:

• Employment Practice Claims: The policy covers claims related to employment practices, such as wrongful dismissal, discrimination, or harassment.
• Discovery Period: The policy allows for a discovery period. It is an additional time provided after the end of the policy. During this period, you can still file a claim, provided the wrongful act occurred within the policy period.
• Worldwide Coverage: It covers claims filed anywhere in the world, subject to Indian law and jurisdiction.
• Automatic Cover for New Subsidiaries: If your company acquires or creates a new subsidiary during the policy period, the directors of that subsidiary are automatically covered under the policy.

Future Generali Directors & Officers Insurance Inclusions 

Future Generali Directors & Officers Insurance covers the following scenarios under the policy:

• Directors and Officers Liability: It covers losses from liabilities against insured individuals for wrongful acts in their capacity as directors, officers, or employees.
• Company Reimbursement: The policy reimburses the company for losses when it compensates insured individuals for claims related to wrongful acts.
• Defence Costs: It pays for the necessary legal fees and expenses incurred by the company.
• Outside Directorships: Future Generali Directors & Officers Insurance extends protection to insured individuals acting as directors or equivalent positions in outside entities at the company's request.
• Heirs, Estates, and Legal Representatives: It protects the estates and legal representatives of insured individuals in the event of death, incompetency, insolvency, or bankruptcy.

Disclaimer: This is not a complete list. Please read the policy wording carefully for full details on all inclusions.

Future Generali Directors & Officers Insurance Exclusions

Future Generali Directors & Officers Insurance does not cover the following scenarios:

• Claims arising from known wrongful acts: Any claim arising out of, based upon, or attributable to any wrongful act or circumstance that was known prior to the policy inception is not covered.
• Fraudulent or Dishonest Acts: The policy excludes any loss arising from the policyholder's fraudulent, dishonest, or criminal act.
• Personal Advantage: Any loss arising from an insured gaining personal profit or advantage to which they were not legally entitled.
• Pollution: The policy does not cover claims related to the release or spread of pollutants, whether it is actual, claimed, or even just a threat.

Disclaimer: This is not a complete list. For full details on all exclusions, please refer to the policy wording. 

Future Generali Directors & Officers Insurance Claim Process

Here is how the claim process works:

• Notification: Provide written notice to Future Generali as soon as possible during the policy period or the discovery period.

• Details: Include every detail related to the claim, including dates and persons involved.
• Documentation: Submit all the required documents according to the document checking provided by your insurance provider.
• Inspection: Then, Future Generali will verify your claim and documents.
• Settlement: If approved, the claim amount will be reimbursed.

Note: Get the written consent of Future Generali before incurring any defence costs. Do not admit liability or settle any claim without Future Generali's prior written consent.