Directors & Officers Liability Insurance

Safeguard Your Directors and Officers Today

Safeguard Your Directors and Officers Today

Safeguard Your Directors and Officers Today

Get comprehensive coverage in minutes designed to protect the personal assets of your leaders against growing lawsuits during the line of duty

Get comprehensive coverage in minutes designed to protect the personal assets of your leaders against growing lawsuits during the line of duty

Get comprehensive coverage in minutes designed to protect the personal assets of your leaders against growing lawsuits during the line of duty

Trusted by over 500 top clients, from startups to industry leaders
Trusted by over 500 top clients, from startups to industry leaders
Get D&O insurance fast
Get D&O insurance fast
Get D&O insurance fast

What is D&O Insurance?

What is D&O Insurance?

What is D&O Insurance?

Directors & Officers (D&O) Insurance protects the personal assets of corporate directors and officers, as well as the organization itself, from legal actions brought against them for alleged wrongful acts, errors, or omissions made in their capacity as leaders. This insurance covers legal fees, settlements, and other costs associated with defending against such claims.

Directors & Officers (D&O) Insurance protects the personal assets of corporate directors and officers, as well as the organization itself, from legal actions brought against them for alleged wrongful acts, errors, or omissions made in their capacity as leaders. This insurance covers legal fees, settlements, and other costs associated with defending against such claims.

Why take D&O Insurance?

Why take D&O Insurance?

Why take D&O Insurance?

Safeguard Personal Assets of Directors & Officers
Safeguard Personal Assets of Directors & Officers

Directors and officers face personal liability for decisions made in their professional roles. D&O insurance protects their personal assets from being at risk in the event of legal claims, ensuring they can lead with confidence and security.

Mandated by Investors of Venture-Backed Companies
Mandated by Investors of Venture-Backed Companies

Investors, particularly in venture-backed companies, often require D&O insurance as a condition for investment. This coverage ensures that the leadership team is protected, especially if they’re appointed as directors to the board. Taking D&O insurance is also in alignment with good corporate governance practices.

Increasing Incidents of Lawsuits
Increasing Incidents of Lawsuits

The number of lawsuits against directors and officers is on the rise, driven by claims from shareholders, employees, customers, and regulators. In India, there has been a significant uptick in D&O claims, with reports indicating a steady increase over recent years as businesses face heightened scrutiny and legal challenges.

Perform with confidence
Perform with confidence

Business always involves taking calculated risks and a good D&O insurance gives you that comfort of taking executive decisions without having to always second guess yourself

Safeguard Personal Assets of Directors & Officers

Directors and officers face personal liability for decisions made in their professional roles. D&O insurance protects their personal assets from being at risk in the event of legal claims, ensuring they can lead with confidence and security.

Mandated by Investors of Venture-Backed Companies

Investors, particularly in venture-backed companies, often require D&O insurance as a condition for investment. This coverage ensures that the leadership team is protected, especially if they’re appointed as directors to the board. Taking D&O insurance is also in alignment with good corporate governance practices.

Increasing Incidents of Lawsuits

The number of lawsuits against directors and officers is on the rise, driven by claims from shareholders, employees, customers, and regulators. In India, there has been a significant uptick in D&O claims, with reports indicating a steady increase over recent years as businesses face heightened scrutiny and legal challenges.

Perform with confidence

Business always involves taking calculated risks and a good D&O insurance gives you that comfort of taking executive decisions without having to always second guess yourself

What is the process to take D&O Insurance

What is the process to take D&O Insurance

1
1
Consultation
Consultation

Reco’s experts will help you identify the right D&O policy that suits your needs.

Reco’s experts will help you identify the right D&O policy that suits your needs.

Reco’s experts will help you identify the right D&O policy that suits your needs.

2
2
Quotation
Quotation

Obtain and compare quotes from multiple insurers to find the best coverage at the most competitive price.

Obtain and compare quotes from multiple insurers to find the best coverage at the most competitive price.

Obtain and compare quotes from multiple insurers to find the best coverage at the most competitive price.

3
3
Policy Issuance
Policy Issuance

Once underwritten, the insurer will issue the policy, and coverage begins upon payment of the premium.

Once underwritten, the insurer will issue the policy, and coverage begins upon payment of the premium.

Once underwritten, the insurer will issue the policy, and coverage begins upon payment of the premium.

How much coverage should I take for D&O Insurance?

How much coverage should I take for D&O Insurance?

Seed Stage Startups

Coverage: ₹5 crore to ₹10 crore

Protect your founders from early-stage risks with coverage between ₹5 crore to ₹10 crore. This ensures your leadership is safeguarded as you establish your business.

Series A to Series E Startups

Coverage: ₹10 crore to ₹50 crore

As your startup scales, increased risks demand stronger protection. Coverage from ₹10 crore to ₹50 crore shields your team through critical growth phases.

Mid to Large Size Companies

Coverage: ₹25 crore to ₹100 crore

With higher revenues and more employees, mid to large companies need coverage between ₹25 crore to ₹100 crore to manage growing legal and regulatory risks.

Large Corporations and Multinationals

Coverage: ₹100 crore to ₹500 crore+

For global operations, substantial coverage is essential. Limits exceeding ₹100 crore, up to ₹500 crore, provide comprehensive protection across multiple jurisdictions.

What is not covered under D&0 Insurance?

Fraudulent or criminal acts

Personal profits gained illegally

Bodily injury or property damage

Claims related to pollution or environmental damage

Professional services (covered under Errors & Omissions insurance)

Cyber incidents (covered under Cyber Liability insurance)

Death of director & officer leading to business impact (covered under Keyman insurance)

What is not covered under D&0 Insurance?

Fraudulent or criminal acts

Personal profits gained illegally

Bodily injury or property damage

Claims related to pollution or environmental damage

Professional services (covered under Errors & Omissions insurance)

Cyber incidents (covered under Cyber Liability insurance)

Death of director & officer leading to business impact (covered under Keyman insurance)

What is covered under D&0 insurance?

What is covered under D&0 insurance?

Legal defense costs

Settlements and judgments

Allegations of wrongful acts

Regulatory investigations

Mismanagement claims

Employment practices claims

Securities claims

Indemnification of directors and officers

What is not covered under D&0 Insurance?

Fraudulent or criminal acts

Personal profits gained illegally

Bodily injury or property damage

Claims related to pollution or environmental damage

Professional services (covered under Errors & Omissions insurance)

Cyber incidents (covered under Cyber Liability insurance)

Death of director & officer leading to business impact (covered under Keyman insurance)

What is covered under D&0 insurance?

Legal defense costs

Settlements and judgments

Allegations of wrongful acts

Regulatory investigations

Mismanagement claims

Employment practices claims

Securities claims

Indemnification of directors and officers

Who can sue the Directors or Officers of a company?

Shareholders, for mismanagement or financial losses

Employees, for discrimination, wrongful termination, or harassment

Customers or clients, for breaches of fiduciary duty or negligence

Competitors, for unfair trade practices or antitrust violations

Regulators, for non-compliance with laws and regulations

Who can sue the Directors or Officers of a company?

Shareholders, for mismanagement or financial losses

Employees, for discrimination, wrongful termination, or harassment

Customers or clients, for breaches of fiduciary duty or negligence

Competitors, for unfair trade practices or antitrust violations

Regulators, for non-compliance with laws and regulations

Who can sue the Directors or Officers of a company?

Shareholders, for mismanagement or financial losses

Employees, for discrimination, wrongful termination, or harassment

Customers or clients, for breaches of fiduciary duty or negligence

Competitors, for unfair trade practices or antitrust violations

Regulators, for non-compliance with laws and regulations

Director & Officer Liability claims examples

Director & Officer Liability claims examples

Director & Officer Liability claims examples

Harassment Allegation Against an Executive

What happened?

A senior executive was accused of workplace harassment by an employee, leading to a lawsuit against the executive and the company.

How claim was paid?

The D&O insurance covered the legal defense costs and a significant portion of the settlement to resolve the case.

Misleading Financial Statements

What happened?

A company’s officers were sued by shareholders for alleged misrepresentation in financial statements.

How claim was paid?

The D&O insurance covered legal defense costs and a settlement agreement.

Misleading Financial Statements

What happened?

A senior officer faced a lawsuit from an employee alleging wrongful termination and discrimination.

How claim was paid?

The policy paid for the defense and the settlement, protecting the officer’s personal assets.

Misleading Financial Statements

What happened?

A senior officer faced a lawsuit from an employee alleging wrongful termination and discrimination.

How claim was paid?

The policy paid for the defense and the settlement, protecting the officer’s personal assets.

Why Take Directors & Officers Insurance from Reco?

Why Take Directors & Officers Insurance from Reco?

Why Take Directors & Officers Insurance from Reco?

Comprehensive Coverage

Reco offers tailored policy terms and coverage designed specifically for your industry, ensuring you have the protection you need.

Lowest Rates

With experience serving over 500 large clients, Reco has secured pre-negotiated, competitive rates from top insurers, giving you the best value.

Fast Process

As a tech-enabled broker, Reco has streamlined the purchase process, minimizing the information required and delivering you quotes within a few hours.

Single Place for All Insurance

Reco helps you consolidate all your business insurance needs in one place, saving you time and leading to lower rates for you. As part of the Nova Benefits group, which specializes in employee benefits insurance, you’ll have the option to take employee benefits insurance (health, term, accident) through us, helping you manage high-volume claims where employee satisfaction is a top priority.

Single Place for All Insurance

Reco helps you consolidate all your business insurance needs in one place, saving you time and leading to lower rates for you. As part of the Nova Benefits group, which specializes in employee benefits insurance, you’ll have the option to take employee benefits insurance (health, term, accident) through us, helping you manage high-volume claims where employee satisfaction is a top priority.

Frequently Asked Questions

Frequently Asked Questions

What is D&O insurance?

Who needs D&O insurance?

Does D&O insurance cover criminal acts?

Are the subsidiary’s board covered under D&O insurance?

What jurisdictions or territories are covered in D&O claim?

If two co-founders who are also directors of the company have a dispute, will this be covered under D&O insurance?

Why is personal liability created for directors? Doesn’t the company pay for these expenses?

What are the most common types of D&O claims?

Can small businesses get D&O insurance?

What is Side A, Side B, and Side C coverage?

Frequently Asked Questions

What is D&O insurance?

Who needs D&O insurance?

Does D&O insurance cover criminal acts?

Are the subsidiary’s board covered under D&O insurance?

What jurisdictions or territories are covered in D&O claim?

If two co-founders who are also directors of the company have a dispute, will this be covered under D&O insurance?

Why is personal liability created for directors? Doesn’t the company pay for these expenses?

What are the most common types of D&O claims?

Can small businesses get D&O insurance?

What is Side A, Side B, and Side C coverage?