In today's evolving highly litigious global environment, every director and officer is a potential target and as a result their personal assets are also at stake. This personal liability of senior executives can be protected by way of insurance. This insurance policy protects the directors & officers of a corporation from liability in the event of a claim or lawsuit against them claiming wrongdoing in connection with the company,'s business.

HDFC ERGO's Directors & Officers Liability Insurance offers protection against such circumstances tailor made to your needs.


All Directors (past, present and future)
All Officers (employed in an executive capacity)
Company Secretaries
Spouse, Estates, Legal Heirs and Representatives


Broad claims definition
Outside directorship
Legal representation expenses
Automatic inclusion of subsidiaries
Retroactive date
Advancement of defense costs-30 days
Insured's have right to choose their own counsel subject to HDFC ERGO's prior approval


Pending or prior litigation demands or judgments
Claim reported under a prior insurance policy
Claims against the fiduciaries or administrators of any retirement or employee benefit plan
Bodily injury or property damage claims
Absolute professional indemnity claims
Deliberate criminal or fraudulent act or omission or willful violation of statute or regulation where
  established at final adjudication
Breaches of insider trader legislations
Illegal personal profits, remuneration or advantage where established in fact
Fines, penalties or multiple damages


This insurance policy protects the Directors and Officers of a company against:

Written demand for monetary damages
Demand for non pecuniary relief
Any civil proceeding / arbitration / criminal proceedings
Formal administrative proceedings


Class action lawsuits were filed against ABC in the United States District Court for the Southern District of New York on behalf of all securities purchasers during the period Februray 21, 2001 to August 5, 2004. The complaint charges both ABC and certain of its directors and officers with violations of the Securities and Exchange Act of 1934. The complaint alleges that the company”improperly concealed deficiencies“related to its drug Paxil when used to treat adolescent depression. The suit comes after the release of clinical trial data showing a link between antidepressant drugs and suicidal tendencies among young people.

In July 2001, a shareholder class action was filed against XYZ. The complaint alleged that XYZ and two of its principal officers issued materially false and misleading statements regarding XYZ's financial condition in a bid to artificially inflate the value of XYZ’s shares. More specifically, it was alleged that the company issued several press releases in which they assured investors that the company would experience an increase in its revenues despite earnings warnings from most of its competitors. In October 2003, the parties agreed upon a settlement over USD 7.1 m.


a)  Mutual Fund and Venture Capital Asset Protection
b)  Professional Indemnity
c)  Employment Practices Liability
d)  Multi Media Liability
e)  Commercial Crime Insurance
f)   Educators Professional Liability
g)  Public Offering of Securities
h)  Forefront Portfolio
i)   Financial Institution Professional Indemnity
j)   Miscellaneous Professional Indemnity
k)  Kidnap and Ransom

HDFC ERGO General Insurance Company Limited
Registered & Corporate Office: 1st Floor, 165-166 Backbay Reclamation, H. T. Parekh Marg, Churchgate,
Mumbai - 400020
Customer Service Address : 6th Floor, Leela Business Park, Andheri Kurla Road, Andheri (E),
Mumbai - 400 059
Toll-free No. 1800 2 700 700 (Accessible from India only.) Fax: 91-22-6638 3699
E-mail Website

For more details on risk factors, please read the terms & conditions before concluding the sale. Insurance is the subject matter of solicitation.
IRDA Reg No. 125. UID No. 536