Policy snapshot
Covers directors and officers of a company against personal liability arising from wrongful acts in their managerial capacity.
What is Directors & Officers (D&O) Liability Insurance?
D&O Insurance protects top executives from personal financial loss due to lawsuits or investigations linked to their decisions. It's essential for any board-led organisation.
What can it cover?
- The policy covers legal liability arising from decisions or actions taken by directors or officers in the course of managing the company. This includes defence costs, fines (where legally insurable), and settlements for breach of fiduciary duty, misstatements, or mismanagement.
Who should consider it?
- Private companies, listed firms, NGOs, startups, Any organisation with a formal board of directors
Key features to understand
- {"heading": "Key Features", "bullets": ["Covers legal defence, settlements, and regulatory investigations", "Includes Side A (individual), Side B (company reimbursement), and Side C (entity cover for securities claims)", "Claims-made policy", "Regulatory defence and crisis management cover available"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.