Directors & Officers Liability Insurance

Highlights

This cover is suitable for those Directors & key officers who are in a decision making position. These directors and officers in pursuance of their duties may take some actions which may be in violation of certain statutes or Indian Laws.

Scope

Provides cover

  • Against any loss that the Organization may incur, on account of mistaken actions taken in their individual capacity as Directors & Officers in pursuance of their duties under Memorandum and Articles of Association.
  • Against loss arising from claims made against them by reason of any wrongful Act in their Official capacity.
  • Legal costs & expenses incurred with the written consent of the insurers arising out of prosecution of any Director / officer and attendance at any investigation, examination, inquiry or other proceedings by the authority empowered to do so.
Exclusions
  • Any bodily injury, sickness, disease or death of any person or any damage to tangible property.
  • Dishonest, fraudulent, criminal or malicious act.
  • Personal guarantee.
  • Libel and slander.
  • Personal injury and damage to property.
  • Pollution damage.
  • Directly resulting from goods or products manufacture or sold by the company.
  • Fines, penalties, punitive or exemplary damages.
  • Any circumstances existing prior to inception date of policy.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

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