Directors and Officers Liability Insurance
Directors and officers (D&O) liability insurance protects the personal assets of directors and officers, and their spouses, in the event they are personally sued by the organization’s employees, vendors, competitors, investors, customers and government authorities, for actual or alleged wrongful acts while discharging their duties in managing a company.
What does the policy cover :
- Directors and officers (D&O) liability insurance covers directors and officers or their company or organization if sued.
- D&O insurance claims are paid to cover losses associated with the lawsuit, including legal defence costs.
- EPLI, also known as Employment Practices Liability Insurance, can be covered under the Directors and Officers (D&O) insurance policy. EPLI section reimburses defence cost and settlement cost incurred by an employer on fighting employee-related lawsuits.
- Retired Directors and Officers are also covered under this policy for any claims made against them after they have vacated their office for any decision they took during their days in office.
- There are more features available under a D&O policy, kindly reach out to us to have an in-depth understanding of the product.
