It is an insurance policy that covers individuals against personal loss as a result of being sued for events arising out of them being a Director or Officer of an organization/company. It can also provide coverage for litigation costs and other expenses to the organization/company. The exception being this policy does not cover intentional fraudulent actions or criminal behavior.

Why D&O Insurance

• Legal Representation costs can be pretty high given the complex legal environment.
• Insurance against personal losses as well as reimburse litigation costs to the Company.
• Litigations are often driven by adverse news and events that are not in the control of the Company.
• Covers monetary damages, settlements, awards which are a result of claims.
• Protection against allegations by shareholders/third parties against Directors/Officers.
• Coverage for past present and future Directors/Officers.
• Useful in attracting and retaining professional talent at the higher levels.