Directors & Officers Liability Insurance

Directors and officers liability Insurance is liability insurance payable to the directors and officers of a company, as indemnification for losses or advancement of defence costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.

This Insurance Policy protects directors‘ and officers’ personal assets. It covers damages and expenses assessed against a director or officer who has not been indemnified because the corporation is bankrupt or is barred by law from providing reimbursement.

Introduction

Directors and officers of an Organization hold a position of trust are responsible towards the company, the shareholders, the employees, and the public at large.

They may become liable to pay damages in below mentioned scenarios:

Our Directors and Officers Liability policy protects the personal fortunes of individual directors and officers, in respect of

personal liabilities arising out of their wrongful acts like: