Directors & Officers Liability

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Directors & Officers Liability

Directors & Officers Insurance, commonly known as D&O insurance, is essential for organizations to protect individuals in managerial or supervisory positions, or those whose recommendations guide the board’s decisions.

Key Features of Directors & Officers Insurance:
Coverage extends to individuals regardless of their designation, including retired, current, or future directors.Operates on an unnamed basis, providing blanket coverage.

Benefits of Directors & Officers Liability Insurance:
Protects directors or officers if they face lawsuits for alleged wrongful acts in their capacity.

Typically consists of two primary operating clauses, with the option to elect a third:
Side A Clause: Protects directors and officers directly when the organization is unable to indemnify them.
Side B Clause: Reimburses the company for payments made to third parties on behalf of its directors and officers.
Side C Clause: Provides entity security coverage, safeguarding the company against claims directly targeting the entity for securities litigation.

SecureEzy Advantages:
24/7 Claim Assistance: Access round-the-clock support for hassle-free claim settlements.
Dedicated Relationship Manager: A designated manager resolves service-related queries promptly.
Expert Assistance: Expert advisors offer comprehensive guidance to assess business risks and provide optimal coverage solutions.
Swift Response with Multiple Modes of Communication: Queries and requirements addressed promptly via preferred communication channels, including Call, Email, WhatsApp, Video Conference, or In-Person meetings.

Extensions/Add-ons under D&O Liability Insurance:
Emergency Costs
Crisis Response
Mitigation & Avoidance Services
Assets & Liberty Costs
Kidnap Response
New Subsidiaries

Who Can Be Covered under Directors & Officers Insurance?
Company Secretaries
Legal Heirs
Directors
Employed Lawyers
Estate Representatives
Officers
Spouses
Contractors/Sub-Contractors

*Explanations provided are illustrative and subject to policy terms, conditions, and exclusions. Refer to the policy wordings for detailed information.

*Disclaimer

Insurance coverage details, inclusions, and exclusions are subject to change based on the solutions offered by insurance providers. The content is curated according to general industry practices. SecureEzy is not responsible for the factual correctness of these details.

The premium of Rs. 23,600 per year (inclusive of GST) is the starting price for a sum insured of Rs 3 Crore, which may vary depending on factors such as business activity, services rendered, company turnover, shareholder percentage, number of employees, geographical split of turnover and employees, geographical spread of products and services, and financials of the company. STANDARD TERMS AND CONDITIONS APPLY.

EZY WISE SERVICES INSURANCE BROKERS PRIVATE LIMITED | CIN No. U66220CH2023PTC044944 | License Category: Direct (Life & General)  | Registered Office – SCO-10,11,12, Ground Floor, SECTOR-17B, Chandigarh-160017 | Registration No. 928 VALID FROM 03-JAN-2023 Το 02-JAN-2027 | Website: www.secureezy.com Email: Info@secureezy.com

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