Directors and officers of a company hold a position of trust and are responsible towards the company, the shareholders, the employees, and the public at large. The D&O policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity.
Due to changing legal environment & Rise of Regulatory Actions, Directors and officers are now under more scrutiny:
Damages, judgements, settlement costs, Defence costs, legal representation expenses are payable under this policy and They may become liable to pay damages in scenarios such as the following:
On payment of additional premium, the following coverages may be selected:
The Company will not be liable under the Policy in respect of loss or damage due to: