Directors & Officers
Liability Insurance
at just ₹10,000 per year* for your business
*T&Cs apply
Small Business, Big Protection!
You’re a dedicated SME business owner who has poured heart and soul into your company. One day, a decision made by your Board of Directors comes under scrutiny, and a lawsuit is filed against both the board and you personally as an officer.
Without Directors & Officers Insurance, your personal assets and hard-earned savings could be on the line. But with the right coverage, you can defend yourself and your business without the crippling financial burden.
What is D&O liability insurance?
Directors & Officers (D&O) insurance offers comprehensive protection by covering legal defense expenses and financial damages stemming from allegations and lawsuits involving the Board of Directors and officers within your organisation. With the rising prevalence of D&O claims, individuals in leadership roles face an elevated risk of personal liability.
Who is covered?
The policy offers broad coverage, encompassing a range of individuals within the company, such as:
- Executive directors
- Company secretaries
- Non-executive directors
- In-house lawyers
- Shadow directors
- Risk managers
- Prospective directors
- De facto directors
- Any member of the supervisory or management board
- Employees in key management roles e.g. CTO, CFO, CMO, CXO
Who is covered?
The policy offers broad coverage, encompassing a range of individuals within the company, such as:
It’s crucial to note that the coverage provided by this policy is not tied to individuals’ names but extends to anyone who holds the designated positions of authority (D&Os) within the company throughout the policy period.
Further, lawful spouses, estates, and legal heirs are also covered.
We’ve forged partnerships with India’s foremost insurers and the world’s largest AA-rated reinsurers to deliver this important product to companies like yours.
We’ve forged partnerships with India’s foremost insurers and the world’s largest AA-rated reinsurers to bring this important product to companies like yours.
Nature of risks that D&Os can get exposed to
Directors and Officers can be exposed to a variety of risks, including:
Lawsuit by Shareholders and Investors
Regulatory Investigations
Employee Claims
Competitor Litigation
Crisis Management
Cybersecurity Breaches
Mergers and Acquisitions
Creditors' Claims
The Power of D&O liability Insurance
An investigation into alleged financial irregularities, such as delayed financial reporting and statutory auditor registration, has been launched against a prominent startup. Additionally, the ED has initiated inquiries into suspected irregularities in the company, casting doubt on the company’s reported figures.
The presence of a Directors and Officers (D&O) insurance policy has played a pivotal role in safeguarding the financial cost associated with the incident.
This policy fully covers substantial expenses for retaining legal counsel to defend the director, covering legal representation costs during regulatory inquiries, and even the expenses related to hiring a public relations expert.
Directors &
Officers Liability Insurance
Why SMEs and Startups Need a Directors & Officers (D&O) Liability Insurance Policy?
What’s covered?
- Legal fees or defence costs
- Out-of-court settlements
- Investigation costs
- Bail bond expenses
- Managing public relations
- Extradition costs
What’s not covered?
- Fraudulent or dishonest acts (e.g., Insider trading)
- Bodily Injury and property damage
- Claims related to prior incidents or circumstances
- Criminal activities (e.g. manslaughter)
- Fines and penalties that are uninsurable
- Claims arising from the public offering of securities
- Legal fees or defence costs
- Out-of-court settlements
- Investigation costs
- Bail bond expenses
- Managing public relations
- Extradition costs
- Fraudulent or dishonest acts (e.g., Insider trading)
- Exclusion of Bodily Injury and Property Damage
- Claims related to prior incidents or circumstances
- Criminal activities (e.g. manslaughter)
- Fines and penalties that are uninsurable
- Claims arising from the public offering of securities
Claims Roadmap
1. Notify the Insurer
2. Expert Review
3. Legal Counsel Engagement
1. Notify the Insurer
2. Expert Review
3. Legal Counsel Engagement
Why Onsurity
Custom Solutions
We create plans that fit your needs.
Personal Touch
We combine digital ease with personalized service.
Great Risk Management
We’re backed by experts who understand D&O risks.
Custom Solutions
We create plans that fit your needs.
Personal Touch
We combine digital ease with personalized service.
Great Risk Management
We’re backed by experts who understand D&O risks.