Director’s and Officer’s Liability policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity. Defence costs are also covered and are payable in advance of final judgment. This policy provides protection for claims brought against directors, officers and employees for actual or alleged breach of duty, neglect, misstatements or errors in their managerial capacity.
The D&O insurance is necessary to face the following situations;
D&O Insurance provides indemnity to Directors and Officers for:
Available Extensions- (varies with Insurance companies and discretion of underwriter):
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