D & O Insurance

Coverage - A :

The Insurer shall pay the loss of each insured resulting from any Claim first made against the  insured during the policy period for any alleged or actual wrongful act in the Insured’s capacity as a Director, Officer or employee of the company except for and to the extent that the company has indemnified the insured; and subsequently notified or reported to the Insurer within the Period of Insurance or any extended reporting period as the case may be.

Coverage- B :

The Insurer shall pay the loss of the company resulting from any Claim first made against the  insured during the policy period for any alleged or actual wrongful act in the Insured’s capacity as a Director, Officer or employee of the company but only when and to the extent that the company has indemnified the insured for the loss, subsequently notified or reported to the Insurer during the Period of Insurance or any extended reporting period as the case may be.

Main Extensions 

  • Legal Representation for Representation and Investigation expenses extension, 
  • Entity Employment Practice Liability Insurance (EPLI) extension for Employment Practice Violations
  • Entity Security extension (Company’s liability out of their Security – share, debenture etc)
  • Other extensions: Bilateral Discovery Period; Asset Liberty Cost; Joint Property liability; Heir, Estate, Legal Representative and Spousal cover;  Special Excess Protection for Non-Executive Directors; Retired & Resigned Director’s cover; Outside Directorship; Emergency defence cost;
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