Directors & Officers Liability Insurance
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.
- 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.
- 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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