Directors & Officers Liability Insurance
Directors & Officers Liability Insurance
Directors & Officers Liability Insurance
Get comprehensive coverage in minutes designed to protect the personal assets of your leaders against growing lawsuits during the line of duty
Get comprehensive coverage in minutes designed to protect the personal assets of your leaders against growing lawsuits during the line of duty
Get comprehensive coverage in minutes designed to protect the personal assets of your leaders against growing lawsuits during the line of duty
Directors & Officers (D&O) Insurance protects the personal assets of corporate directors and officers, as well as the organization itself, from legal actions brought against them for alleged wrongful acts, errors, or omissions made in their capacity as leaders. This insurance covers legal fees, settlements, and other costs associated with defending against such claims.
Directors & Officers (D&O) Insurance protects the personal assets of corporate directors and officers, as well as the organization itself, from legal actions brought against them for alleged wrongful acts, errors, or omissions made in their capacity as leaders. This insurance covers legal fees, settlements, and other costs associated with defending against such claims.
Directors and officers face personal liability for decisions made in their professional roles. D&O insurance protects their personal assets from being at risk in the event of legal claims, ensuring they can lead with confidence and security.
Investors, particularly in venture-backed companies, often require D&O insurance as a condition for investment. This coverage ensures that the leadership team is protected, especially if they’re appointed as directors to the board. Taking D&O insurance is also in alignment with good corporate governance practices.
The number of lawsuits against directors and officers is on the rise, driven by claims from shareholders, employees, customers, and regulators. In India, there has been a significant uptick in D&O claims, with reports indicating a steady increase over recent years as businesses face heightened scrutiny and legal challenges.
Business always involves taking calculated risks and a good D&O insurance gives you that comfort of taking executive decisions without having to always second guess yourself
Directors and officers face personal liability for decisions made in their professional roles. D&O insurance protects their personal assets from being at risk in the event of legal claims, ensuring they can lead with confidence and security.
Investors, particularly in venture-backed companies, often require D&O insurance as a condition for investment. This coverage ensures that the leadership team is protected, especially if they’re appointed as directors to the board. Taking D&O insurance is also in alignment with good corporate governance practices.
The number of lawsuits against directors and officers is on the rise, driven by claims from shareholders, employees, customers, and regulators. In India, there has been a significant uptick in D&O claims, with reports indicating a steady increase over recent years as businesses face heightened scrutiny and legal challenges.
Business always involves taking calculated risks and a good D&O insurance gives you that comfort of taking executive decisions without having to always second guess yourself
Reco’s experts will help you identify the right D&O policy that suits your needs.
Reco’s experts will help you identify the right D&O policy that suits your needs.
Reco’s experts will help you identify the right D&O policy that suits your needs.
Obtain and compare quotes from multiple insurers to find the best coverage at the most competitive price.
Obtain and compare quotes from multiple insurers to find the best coverage at the most competitive price.
Obtain and compare quotes from multiple insurers to find the best coverage at the most competitive price.
Once underwritten, the insurer will issue the policy, and coverage begins upon payment of the premium.
Once underwritten, the insurer will issue the policy, and coverage begins upon payment of the premium.
Once underwritten, the insurer will issue the policy, and coverage begins upon payment of the premium.
Coverage: ₹5 crore to ₹10 crore
Protect your founders from early-stage risks with coverage between ₹5 crore to ₹10 crore. This ensures your leadership is safeguarded as you establish your business.
Coverage: ₹5 crore to ₹10 crore
Protect your founders from early-stage risks with coverage between ₹5 crore to ₹10 crore. This ensures your leadership is safeguarded as you establish your business.
Coverage: ₹10 crore to ₹50 crore
As your startup scales, increased risks demand stronger protection. Coverage from ₹10 crore to ₹50 crore shields your team through critical growth phases.
Coverage: ₹10 crore to ₹50 crore
As your startup scales, increased risks demand stronger protection. Coverage from ₹10 crore to ₹50 crore shields your team through critical growth phases.
Coverage: ₹25 crore to ₹100 crore
With higher revenues and more employees, mid to large companies need coverage between ₹25 crore to ₹100 crore to manage growing legal and regulatory risks.
Coverage: ₹25 crore to ₹100 crore
With higher revenues and more employees, mid to large companies need coverage between ₹25 crore to ₹100 crore to manage growing legal and regulatory risks.
Coverage: ₹100 crore to ₹500 crore+
For global operations, substantial coverage is essential. Limits exceeding ₹100 crore, up to ₹500 crore, provide comprehensive protection across multiple jurisdictions.
Coverage: ₹100 crore to ₹500 crore+
For global operations, substantial coverage is essential. Limits exceeding ₹100 crore, up to ₹500 crore, provide comprehensive protection across multiple jurisdictions.
Fraudulent or criminal acts
Personal profits gained illegally
Bodily injury or property damage
Claims related to pollution or environmental damage
Professional services (covered under Errors & Omissions insurance)
Cyber incidents (covered under Cyber Liability insurance)
Death of director & officer leading to business impact (covered under Keyman insurance)
Fraudulent or criminal acts
Personal profits gained illegally
Bodily injury or property damage
Claims related to pollution or environmental damage
Professional services (covered under Errors & Omissions insurance)
Cyber incidents (covered under Cyber Liability insurance)
Death of director & officer leading to business impact (covered under Keyman insurance)
Legal defense costs
Settlements and judgments
Allegations of wrongful acts
Regulatory investigations
Mismanagement claims
Employment practices claims
Securities claims
Indemnification of directors and officers
Fraudulent or criminal acts
Personal profits gained illegally
Bodily injury or property damage
Claims related to pollution or environmental damage
Professional services (covered under Errors & Omissions insurance)
Cyber incidents (covered under Cyber Liability insurance)
Death of director & officer leading to business impact (covered under Keyman insurance)
Legal defense costs
Settlements and judgments
Allegations of wrongful acts
Regulatory investigations
Mismanagement claims
Employment practices claims
Securities claims
Indemnification of directors and officers
Shareholders, for mismanagement or financial losses
Employees, for discrimination, wrongful termination, or harassment
Customers or clients, for breaches of fiduciary duty or negligence
Competitors, for unfair trade practices or antitrust violations
Regulators, for non-compliance with laws and regulations
Shareholders, for mismanagement or financial losses
Employees, for discrimination, wrongful termination, or harassment
Customers or clients, for breaches of fiduciary duty or negligence
Competitors, for unfair trade practices or antitrust violations
Regulators, for non-compliance with laws and regulations
Shareholders, for mismanagement or financial losses
Employees, for discrimination, wrongful termination, or harassment
Customers or clients, for breaches of fiduciary duty or negligence
Competitors, for unfair trade practices or antitrust violations
Regulators, for non-compliance with laws and regulations
What happened?
A senior executive was accused of workplace harassment by an employee, leading to a lawsuit against the executive and the company.
How claim was paid?
The D&O insurance covered the legal defense costs and a significant portion of the settlement to resolve the case.
What happened?
A senior executive was accused of workplace harassment by an employee, leading to a lawsuit against the executive and the company.
How claim was paid?
The D&O insurance covered the legal defense costs and a significant portion of the settlement to resolve the case.
What happened?
A company’s officers were sued by shareholders for alleged misrepresentation in financial statements.
How claim was paid?
The D&O insurance covered legal defense costs and a settlement agreement.
What happened?
A company’s officers were sued by shareholders for alleged misrepresentation in financial statements.
How claim was paid?
The D&O insurance covered legal defense costs and a settlement agreement.
What happened?
A senior officer faced a lawsuit from an employee alleging wrongful termination and discrimination.
How claim was paid?
The policy paid for the defense and the settlement, protecting the officer’s personal assets.
What happened?
A senior officer faced a lawsuit from an employee alleging wrongful termination and discrimination.
How claim was paid?
The policy paid for the defense and the settlement, protecting the officer’s personal assets.
What happened?
A senior officer faced a lawsuit from an employee alleging wrongful termination and discrimination.
How claim was paid?
The policy paid for the defense and the settlement, protecting the officer’s personal assets.
Reco offers tailored policy terms and coverage designed specifically for your industry, ensuring you have the protection you need.
Reco offers tailored policy terms and coverage designed specifically for your industry, ensuring you have the protection you need.
With experience serving over 500 large clients, Reco has secured pre-negotiated, competitive rates from top insurers, giving you the best value.
With experience serving over 500 large clients, Reco has secured pre-negotiated, competitive rates from top insurers, giving you the best value.
As a tech-enabled broker, Reco has streamlined the purchase process, minimizing the information required and delivering you quotes within a few hours.
As a tech-enabled broker, Reco has streamlined the purchase process, minimizing the information required and delivering you quotes within a few hours.
Reco helps you consolidate all your business insurance needs in one place, saving you time and leading to lower rates for you. As part of the Nova Benefits group, which specializes in employee benefits insurance, you’ll have the option to take employee benefits insurance (health, term, accident) through us, helping you manage high-volume claims where employee satisfaction is a top priority.
Reco helps you consolidate all your business insurance needs in one place, saving you time and leading to lower rates for you. As part of the Nova Benefits group, which specializes in employee benefits insurance, you’ll have the option to take employee benefits insurance (health, term, accident) through us, helping you manage high-volume claims where employee satisfaction is a top priority.
Reco helps you consolidate all your business insurance needs in one place, saving you time and leading to lower rates for you. As part of the Nova Benefits group, which specializes in employee benefits insurance, you’ll have the option to take employee benefits insurance (health, term, accident) through us, helping you manage high-volume claims where employee satisfaction is a top priority.
What is D&O insurance?
What is D&O insurance?
Who needs D&O insurance?
Who needs D&O insurance?
Does D&O insurance cover criminal acts?
Does D&O insurance cover criminal acts?
Are the subsidiary’s board covered under D&O insurance?
Are the subsidiary’s board covered under D&O insurance?
What jurisdictions or territories are covered in D&O claim?
What jurisdictions or territories are covered in D&O claim?
If two co-founders who are also directors of the company have a dispute, will this be covered under D&O insurance?
If two co-founders who are also directors of the company have a dispute, will this be covered under D&O insurance?
Why is personal liability created for directors? Doesn’t the company pay for these expenses?
Why is personal liability created for directors? Doesn’t the company pay for these expenses?
What are the most common types of D&O claims?
What are the most common types of D&O claims?
Can small businesses get D&O insurance?
Can small businesses get D&O insurance?
What is Side A, Side B, and Side C coverage?
What is Side A, Side B, and Side C coverage?
What is D&O insurance?
Who needs D&O insurance?
Does D&O insurance cover criminal acts?
Are the subsidiary’s board covered under D&O insurance?
What jurisdictions or territories are covered in D&O claim?
If two co-founders who are also directors of the company have a dispute, will this be covered under D&O insurance?
Why is personal liability created for directors? Doesn’t the company pay for these expenses?
What are the most common types of D&O claims?
Can small businesses get D&O insurance?
What is Side A, Side B, and Side C coverage?