Shield Your Leaders
, Secure Your Business
Don't let your directors and officers face lawsuits. Our D&O insurance safeguards your founders & board members' personal assets from allegations of mismanagement, errors, and wrongful acts, ensuring that they can lead with confidence and without fear of personal financial loss.
Our Trusted Partners
D&O Insurance is Your Shield
Without D&O insurance, your company's leaders could face devastating personal financial loss, and your business could suffer reputational damage and operational disruption.
Who Needs D&O Insurance?
Financial Institutions
Banks, credit unions, and investment firms face strict regulatory oversight and a higher risk of lawsuits related to financial mismanagement or fraud. D&O insurance can help mitigate these risks.
SaaS
Tech companies such as SaaS often operate in rapidly changing industries and can face lawsuits related to intellectual property disputes, data breaches, or cybersecurity failures. D&O insurance can provide crucial protection in these situations.
Any Company with a Board of Directors
Regardless of industry or size, any company with a board of directors should consider D&O insurance to protect its decision-makers from personal liability.
Startups
Startups with limited resources are particularly vulnerable to lawsuits, as they may not have established risk management practices. D&O insurance can help them attract investors and board members by demonstrating a commitment to protect their leadership.
Healthcare Organizations
Hospitals, clinics, and other healthcare providers can be sued for medical malpractice, misdiagnosis, or other claims. D&O insurance can protect administrators and executives from personal liability.
How will D&O Insurance Help My Business?
In an event where the shareholders sue your board of directors for alleged mismanagement that led to a decline in stock value. D&O insurance steps in to cover the defense costs and potential damages, protecting your company's financial stability.
D&O Insurance is Your Shield
Without D&O insurance, your company's leadership could face devastating personal financial loss, and your business could suffer reputational damage and operational disruption.
Inclusions
Derivative Claims
Protects against claims brought by shareholders on behalf of the company.
Fiduciary Liability
Protects against claims related to mismanagement of employee benefit plans.
Regulatory and Criminal Investigations
Covers costs related to investigations by government agencies.
Corporate Governance Issues
Addresses claims arising from alleged failures in corporate governance or oversight.
Personal Asset Protection
Ensures the personal assets of directors and officers are protected in the event of a lawsuit.
Entity Coverage
Extends protection to the company itself for claims made against it, ensuring the organization's financial stability.
Exclusions
Intentional/Dishonest Acts
Fraud, criminal acts, or deliberate illegal conduct.
Bodily Injury/Property Damage
Covered under other insurance policies.
Fines/Penalties
Resulting from illegal actions.
Security Offering
Claim related to the public or private issuance of securities.
Insured vs Insured
Claims by one director/officer against another.
Prior/Pending Litigation
Excludes known issues before policy inception.
Simple & Seamless
Affordable & Transparent
Customizable Coverage
Expert Support
Complete Protection
Why Choose Covrzy for Your D&O Insurance?
We've simplified the Directors and Officers insurance process, eliminating paperwork and unnecessary delays. Your experience is our top priority, so we’ve streamlined everything just for you. Get a quote and coverage online, without any hassle and any complex documentation.
Simple & Seamless
Affordable & Transparent
Customizable Coverage
Expert Support
Complete Protection
Real Life Claim Story
Kingfisher Airlines, once a major player in the Indian aviation industry, faced severe financial difficulties leading to its grounding and eventual bankruptcy. The company's chairman, Vijay Mallya, was accused of financial mismanagement and loan defaults.
Personal Liability Coverage
While D&O insurance wouldn't cover the company's debts, it could have shielded Mallya from personal liability arising from lawsuits filed by creditors and investors.
Legal Fees
D&O insurance could have covered legal defense costs and potential settlements, protecting his personal assets from being seized.
Frequently Asked Questions
Why is D&O Insurance Crucial for Protecting Company Leaders?
Directors and officers liability insurance is a shield for the personal assets of directors and officers. It covers legal costs and settlements for alleged wrongful acts in their leadership roles. Secure your company’s leadership with Covrzy today!
Is D&O Insurance Mandatory for All Companies?
What Factors Influence D&O Insurance Premiums?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
Shield Founders’ Assets Against Corporate Claims
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