The Director's and Officer's liability policy offers protection to current, future, and past directors and officers of a company against the  conseqences/lawsuits filed by shareholders. regulators, state investigators or other third parties for  actual or alleged wrongful acts when acting in the scope of their managerial duties .  The D&O is a claims made basis.  Claims are only covered if they are made when the policy is in effect.

The Policy also covers the directors and officers personal assests which may be used to satisfy plaintiffs demands for damages arising from these lawsuits

EXAMPLES OF SUITS THAT CAN ARISE AND REASON WHY A CORPORATE SHOULD TAKE UP A D&O POLICY

Innaccurate statements made to investors, lenders, vendors or customers regarding the firms current financial status

Wrongful termination, discrimination or harrassment of former employees

Mismanagement of the company's finances which caused the value of the firms's stock to decline

Initiation of a merger or acquisition without conducting the due diligence

Insider trading

Mistatements regarding the future financial performance of the company

REQUIREMENTS 

Duly completed proposal form

Company's registration and PIN

CLAIM PROCESS

Notify us in case there is an occurrence likely to give rise to a claim immediately within 3 DAYS of your knowledge of the same through a written communication