Lead Boldly — D&O Cover That Stands With Your Board
Keep leaders confident — we handle the legal fog.
- Defence cost protection, settlement and indemnity for directors/officers
- Regulatory investigations and securities/SEBI exposures handling
- Retirement/run-off options and cover for past directors where needed
Key fact: D&O is a management-liability policy protecting individual directors and officers for wrongful acts alleged in their managerial capacity. Indian D&O markets and IRDAI model wordings exist; claims in India have been rising, driven by regulation and shareholder activism.
Directors and Officers Insurance
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From Startups to Stalwarts, India’s Finest Choose CoverBizz
What is D&O Insurance?
D&O insurance indemnifies directors, officers and sometimes the company (if permitted) against claims alleging breach of duty, misrepresentation, regulatory violations, or governance failures. It covers defence costs, settlements and sometimes securities claims – protecting personal wealth and helping companies recruit leaders. IRDAI provides standard guidance/wordings for management liability programs.
Why Is This Policy Vital?
Regulatory landscape in India is complex — SEBI, RBI, IRDAI and other regulators can trigger costly probes. D&O covers investigation costs and legal defence.
Rising D&O claim notifications across India make personal protection essential to attract experienced board talent.
M&A, insolvency or disclosure mishaps can result in shareholder suits — cover helps preserve board stability and corporate governance.
Who Needs D&O?
Listed Companies & Large Private Firms
governance & shareholder exposure.
Startups & VC-backed Firms
investor disputes and growth-phase governance risks.
Financial Institutions & NBFCs
regulatory enquiries and supervisory actions.
Trustees & Non-Executive Directors
fiduciary duty exposures.
Professional Boards (societies, foundations)
reputation and legal risk protection.
Types / Add-ons Commonly Offered
Side A: Company reimbursement (if permitted)
Side B: Defence for individual directors & officers
Regulatory Investigation Costs coverage (RBI/SEBI/IRDAI probes)
Securities & Shareholder Claims extension
Employment-related practices (D&O + EPLI interplay)
Run-off / Extended reporting period for ex-directors
Coverage — What D&O Pays For
Defence Costs for directors/officers
Settlements & Damages for wrongful act claims
Regulatory Investigation Costs & Fines (where endorsed)
Securities Class Action defence & settlements (where applicable)
Employment-related liabilities (if endorsed)
Crisis PR / External counsel costs (optional)
Indemnity of company for legal costs (if lawful)
Retroactive cover for past acts (if agreed)
Inclusions & Exclusions
Inclusions
Defence & investigation costs for alleged wrongful acts by directors/officers.
Settlements & awards within policy limits.
Run-off / extended reporting options for ex-directors (if bought).
Employment practice defence for executive actions (if endorsed).
Exclusions
Fraud / Dishonesty / Personal profit obtained illegally.
Criminal acts that result in conviction (post-conviction exclusions).
Prior known claims not disclosed at inception.
Contractual penalties and fines (unless endorsed).
Insurance Partners
We work with market-leading D&O underwriters and placement partners.
FAQ's
Often regulatory investigation costs are covered; direct statutory fines and penalties may be excluded unless specifically endorsed. Check wording.
Run-off and discovery period options allow cover for past directors for claims reported after they leave, if purchased.
Many policies have Side A (individual), Side B (company indemnity) and Side C (entity cover). Not all jurisdictions permit company indemnity for certain claims—check local law and policy.
Limits are sized by company size, regulatory/regime risk, board composition, and investor demands. Insurers and brokers run board risk assessments.
Yes—startups should consider D&O early, especially if VC-backed or preparing for growth; investors often insist on it.
Shareholder lawsuits, regulatory notices, class actions, employment disputes tied to executive decisions, and alleged breaches of fiduciary duty.
Customers Says..
Ms. Alia Rao CFO, FinGrow
Mr. R. Sengupta Chairman, Bharat Foods
Mr. Kunal Mehra CEO, SmartLogix
Great leaders need to lead without fear. D&O protects your board, reputation and ability to attract talent - secure your governance with tailored D&O programmes.
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