Directors and Officers Liability
"Protect Your Leaders with Comprehensive Directors
and Officers Liability Insurance"
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- Sample Headings
About DOLI – Directors and Officers Liability insurance.
- What is DOLI? (Click on Every points should be get breif explanation as below mentioned Contents)
- Basic Coverages.
- Add On Coverages.
- Claim Process Support.
- Free Consultation for the DOLI Product.
What is DOLI?
Directors and Officers liability Insurance is insurance coverage intended to protect individuals from personal losses if they are sued as a result for serving as a director or an officer of a business or other type of organization.
Basic Coverages
- SIDE A – Protection for Directors and Officers.
This insurance protects individual directors and officers if they are personally sued. It applies when the company can’t provide legal protection or doesn’t have the permit to do so. There’s no cost sharing, and it covers their assets. - SIDE B – Company Reimbursement.
If the company pays legal expenses for its directors and officers who are personally sued, this policy reimburses those cost. It also reimburses if the company pays on behalf of directors and officers to the third party. - SIDE C – Entity Securities Coverage.
Protects the company when a claim is made directly against it for security litigation claims. Insured individuals can claim against the company itself for wrongful acts in connection with the trading of its securities.
Add on coverages
- Emergency Costs: It covers immediate expenses incurred during unexpected crises, such as legal fees and crisis management costs.
- Crisis Response: This add-on includes support for managing and responding to crises effectively, safeguarding the company’s reputation.
- Mitigation and Avoidance Services: It offers services to help prevent issues and mitigate potential risks.
- Assets and Liberty Costs: This add-on covers expenses related to protecting personal asset and liberty when directors or officers are sued personally.
- Kidnap Response: This add-on assists in responding to kidnapping incidents involving directors or officers.
- New Subsidiaries: When the company establishes a new branch, D&O insurance (D&O Policy) extends coverage to these entities.
- Employment Practice Liability: This extension covers claims related to employment practices, such as wrongful termination, discrimination, and harassment.