Directors and officers insurance

Secure Your Leadership, Safeguard Your Business

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When is this useful?
Suppose you're running a business and make a big decision that doesn't work out. Shareholders, competitors, investors may get upset and decide to sue you. Directors and Officers Liability Insurance has your back and pays for your legal defence.

What is directors & officers liability insurance?

Directors and Officers Liability Insurance (D&O Insurance) is a safety net for your company's leaders and decision-makers. It covers legal costs and damages resulting from lawsuits and regulatory actions against directors and officers due to their actions in the company. A D&O policy an essential tool in your company's arsenal, providing protection from potential financial disasters.

Why do you need directors and officers liability insurance?

Legal Protection
Cover personal liabilities from managerial decisions
Financial Security
Ensure personal assets of your directors and their dependants are safe from potential lawsuits
Decision Confidence
Enhance decision-making, knowing an insurance safety net exists
Talent Attraction
More easily recruit top talent who expect D&O coverage
Investor Confidence
Increase trust among shareholders knowing risks are managed
Regulatory Compliance
Keep up with Indian law requiring D&O insurance for certain businesses
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What does directors and officers liability insurance cover?

Defense Costs
Covers litigation costs, investigation fees, and attorney charges
Settlements
Addresses the financial burden of damages/settlement costs awarded by courts.
Wrongful Acts
Protects against claims from misrepresentation and breach of duty.
Regulatory Fines
Helps with certain penalties imposed by regulatory bodies.
Civil Damages
Covers financial loss from civil suits.
Employee Practices
Extends to cover claims related to unfair dismissal, discrimination, etc.
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Who should buy a D&O liability insurance?

New startups
As a startup, attracting top talent and securing investment are critical. D&O insurance can help in attracting seasoned leaders and assuring investors about risk management. D&O Insurance is considered an important factor by Independent Directors running corporate governance checks. 
Growth Stage
With growing operations comes increased scrutiny. D&O insurance helps protect against potential lawsuits as the company scales up.
Large Entities
Legal liabilities can be sizeable for established businesses. D&O insurance safeguards your leaders, enabling them to make confident decisions that drive progress. While protecting your balance sheet from the depletion of assets.

How is D&O liability insurance cover better with Plum?

Risk mitigation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Adequate evaluation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Legal compliance
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Regulatory investigation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Builds reputation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Financial coverage
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.

Frequently asked questions

Why do I need business insurance?

Business insurance is essential because it safeguards your business from unforeseen financial risks. It can help cover the costs of property damage, liability claims, legal fees, and other expenses that could otherwise affect your business.

How much does business insurance cost?

The cost of business insurance depends on many factors, including the size of the business, the industry, the location and the coverage limits. Check out our recommendation engine to receive policies tailored to your business with estimated costs.

What does business insurance cover?

The coverage provided by business insurance depends on the type of policy you purchase. Common coverage areas include property damage, liability claims, shareholder lawsuits and data breaches.

Do companies belonging to specific industries particularly need business insurance?

Every business faces unique risks and liabilities, regardless of industry.

It would be prudent to reach out to your insurance provider for a clear picture of the risks typically faced by businesses like yourself and how to mitigate such risks. Book a meeting with a Plum insurance expert here.

Why should I choose Plum for Business Insurance?

  1. Provides one-touch access to trusted insurers and cost-effective plans.
  2. Connect with insurance experts for regular check-ins and advisory support
  3. Brings the expertise and leverage with insurance companies for high-value claims

Get a custom business risk scorecard

The risk scorecard is an evaluation of the potential risks your company is exposed to. This scorecard has been created based on the degree of probability and financial impact of an event.
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Get a custom business risk scorecard

The risk scorecard is an evaluation of the potential risks your company is exposed to. This scorecard has been created based on the degree of probability and financial impact of an event.
Choose your industry
Your name
Email
Phone
Your scorecard is on its way to your mailbox!
Oops! Something went wrong while submitting the form.