Directors & Officers Insurance
Directors & Officers (D&O) insurance protects directors and officers of companies against personal financial losses resulting from claims of wrongful acts or decisions made in their roles within the organization. It provides coverage for legal defense costs, settlements, and judgments arising from lawsuits brought against directors and officers by shareholders, employees, regulators, or other third parties.
Add-On
Employment Practices Liability (EPL) - Extends coverage to claims related to employment-related issues, such as wrongful termination, discrimination, harassment, or retaliation.
Cyber Liability Coverage - Offers protection against liabilities arising from data breaches, Cyber attacks, or other Cyber incidents that may impact the organization's directors and officers.
Cyber Liability Coverage - Offers protection against liabilities arising from data breaches, Cyber attacks, or other Cyber incidents that may impact the organization's directors and officers.
Exclusions
1. Claims arising from intentional or fraudulent acts by directors or officers.
2. Claims resulting from criminal activities or violations of law by directors or officers.
3. Claims related to personal gain or unjust enrichment by directors or officers at the expense of the organization or its stakeholders.
4. Claims known to directors or officers prior to the policy inception.
5. Claims brought by one insured party against another insured party within the same organization, except for derivative actions brought by shareholders.