What is Directors & Officers Insurance?

Directors and officers (D&O) insurance is liability insurance which covers or protects Directors, Officers and Employees of company from claims which may arise from decision and actions taken while serving their duty. It covers legal defense costs or other costs incurred by company in defending such individual against lawsuits.

Directors & Officers can be sued or alleged for wrongful acts related to:

  • Breach of duty, breach of trust, misstatement or misleading statement, defamation, libel or slander, act of omission or negligence.
  • Employment process or inappropriate workplace conduct such as discrimination, retaliation, defamation, failure to promote, sexual harassment etc.
  • Claim solely because of their status.

Why do you need Directors & Officers Insurance?

Directors and officers are legally responsible and bound by duty towards various stakeholders like shareholders, employees, creditors, customers, competitors and government or regulatory bodies.

Any breach or non-performance in the duties can result in claims against directors, officers and employees by reason of wrongful act and need to incur various expenses like defense costs, damages or compensation and other incidental costs. This can affect company’s growth and performance.

This policy will protect against such expenses, losses and claims.

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