The Impact of Financial Turmoil on Startups (D&O Insurance) Financial turmoil can significantly affect startups, making it challenging to navigate business operations. Directors and Officers (D&O) Insurance plays a crucial role in protecting startups from financial risks. Key Challenges: – Financial Instability: Economic downturns can lead to reduced funding, cash flow issues, and increased financial […]
Case Study: The Cost of Delay in Purchasing Cyber Insurance Background: Recently, one of our clients experienced a ransomware attack that severely disrupted their operations. Prior to the incident, their management believed that a USD 1 million (INR 8.5 crore) cyber insurance cover was unnecessary. Incident Summary: Following the attack, the same client urgently sought […]
D&O vs. E&O – At a Glance Directors & Officers (D&O) – Shields personal assets of directors, officers, and often the company itself from lawsuits alleging wrongful managerial acts (breach of fiduciary duty, mismanagement, regulatory violations). It helps attract top talent by covering legal costs and settlements tied to board‑level decisions. Errors & Omissions (E&O) – […]