Directors & Officers Liability Insurance PolicyDirectors & Officers Liability Insurance Policy

Directors & Officers
Liability Insurance Policy

  • Introduction
  • What’s covered?
  • What’s not covered?
  • Why Choose HDFC ERGO?

Directors & Officers Liability Insurance Policy

Being a director or an officer of a company is a high risk profession. If held personally liable for their own and fellow Directors' decisions, one could face serious financial loss through litigation from shareholders, creditors, competitors, suppliers, regulatory bodies, etc.

HDFC ERGO's Directors' and Officers' Liability policy is affordable and offers you security and protection. The policy can advance defense costs as they are incurred and provides some of the broadest coverage available on the "form of choice" of the industry.

 

What's Covered?

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These are automatically included with every Classic D&O Liability policy:

  • Management Liability
  • Management indemnification Read More...

What's Not Covered?

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Pending or prior litigation, demands or judgments.

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Circumstances notified under a prior insurance policy.

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Claims brought by one insured individual or the insured organisation against another insured individual other than:Read More...

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Deliberately criminal or fraudulent act or omission or willful violation of statute or regulation where established at final adjudication.

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Claims against the fiduciaries or administrators of any retirement or employee benefit plan

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Bodily injury or property damage claims.

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Pollution claims other than for shareholder derivative actions

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Breaches of insider trading legislation

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Illegal personal profits, remuneration or advantage where established in fact.

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USA securities offerings

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Fines, penalties or multiple damages

Policy Features

Who is covered?

  • Directors
  • Officers
  • Company secretaries
  • Other persons employed in an executive capacity

Broad definition of wrongful acts:

Get cover against errors, misstatements, misleading statements, acts, omissions, neglect, and breach of duty/breach of trust on part of insured individuals. And any matter claimed against insured individuals solely by reason of their serving as an insured individual.

Broad outside Directorship Liability cover:

Get worldwide cover, including USA.

The definition of claim covers:

  • Written demands for monetary damages
  • Civil law suits or criminal proceedings
  • Formal investigations by regulatory bodies

Your choice

Insured's have the right to choose their own legal counsel Subject to HDFC ERGO's prior approval.

Defense costs provided within the limit of Liability and in advance of the final disposition of a claim.

Legal representation costs covered if a director or officer is legally compelled to appear at an official investigation into the affairs of such director or officer or the company.

Severability of all exclusions and the proposal form for insured individuals such that no fact pertaining to or knowledge possessed by any insured individual shall be imputed to another to determine available cover.

Definition of loss covers Judgments, settlements and defense costs.

Cover is available for externally appointed liquidators or receivers bringing an action against insured individuals.

Cover is available for past Directors or officers bringing an action against current Directors or officers.

Defense costs cover for Insured vs. Insured actions outside USA.

Punitive damages cover provided to the extent insurable at law.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Awards & Recognition
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