Directors and Officers Liability Insurance (D&O) is a specialized insurance policy designed to protect the personal assets of directors and officers of a company in the event they are sued for alleged wrongful acts committed while managing the company. This coverage extends to legal defense costs, settlements, and other expenses arising from claims related to breaches of duty, misstatements, errors, and omissions made in their managerial capacity.
D&O policies typically cover legal defense costs, which can be substantial. This includes expenses related to investigations, trials, and settlements, providing financial relief to individuals facing legal challenges.
By securing D&O insurance, companies demonstrate a commitment to strong corporate governance practices. This can enhance the company's reputation and build trust with stakeholders, including investors, employees, and regulators.
In India, while D&O insurance is not legally mandatory for all companies, it is required by the Securities and Exchange Board of India (SEBI) for independent directors of listed companies. Beyond this regulatory requirement, many organizations—both public and private—voluntarily purchase D&O coverage to protect their leadership and ensure business continuity.
With increasing regulatory scrutiny, shareholder activism, and litigation risks, D&O insurance serves as a crucial tool for Indian companies to safeguard their leadership and secure the longevity and stability of their operations.
We compare policies from leading insurers to ensure you get the most suitable coverage at competitive rates.
We help ensure your D&O insurance meets all applicable legal and regulatory requirements.
Assistance with policy setup, claims management, and ongoing support to ensure smooth implementation.
In the unfortunate event of a claim, we offer full support to ensure a timely, quick, and without any difficulty efficient process.
