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    The D&O policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity. Defence costs are also covered and are payable in advance of final judgment. This policy provides protection for claims brought against directors, officers and employees for actual or alleged breach of duty, neglect, misstatements or errors in their managerial capacity.


    What is unique about Tata AIG General Insurance Company Limited Directors & Officers liability insurance


    Having pioneered the Directors and Officers liability insurance, Tata AIG General Insurance Company Limited is the most preferred liability insurance underwriter among corporates in India. Tata AIG General Insurance Company Limited's inherent strengths available to the Indian industry include:

    • Superior claims handling ability
    • Presence in more than 160 jurisdictions

    Local expertise, understanding and support with global backing


    Why is a Directors and Officers liability insurance policy required?


    Some of the specific exposures that make D&O insurance necessary for the Directors and Officers are:

    • Vulnerability to shareholder/stakeholder claims
    • Sexual harassment, discrimination allegations and other employment practice violations
    • Regulatory investigations
    • Accounting irregularities
    • Exposures relating to mergers and acquisitions
    • Corporate Governance requirements
    • Compliance with various legal statutes

    What are the policies that Tata AIG General Insurance Company Limited offers for   Directors & Officers liability insurance?


    360* Protector – Directors & Officers Liability Insurance (Non-SEC) –

    This policy is designed for Private and Public Companies which are listed other than in United States/Canada.

    360* Protector - Directors & Officers Liability Insurance (SEC)

    This policy provides cover for companies with securities exposure in United States/Canada.


    Key Features:


    • Advancement of Defence costs
    • Advancement of Defence costs
    • Claims made principle: claims must be made during policy period
    • Right to defend cover
    • Cover for Subsidiaries
    • Outside Directorship coverage
    • Cover for Retired Directors
    • Employment Practice Liability (EPL) cover for directors and officers
    • Cover for failure / negligence to supervise against any Professional Indemnity related claims
    • Cover for Regulatory Crisis Response
    • Cover for Assets and Liberty Costs including prosecution, bail bond and civil bond expenses
    • Cover for damage to reputation
    • Cover for Heirs, Estates and Legal Representatives
    • Bilateral Discovery Period
    • Emergency Costs cover
    • Kidnap response cover
    • Special excess protection for non executive directors
    • Cover for pollution related claims for defence costs and shareholder claims
    • Insured vs Insured (defence cost cover)
    • Severability: non-guilty insured is covered

    Key Exclusions:

    • Prior Claims and Circumstances.
    • Deliberate dishonest or fraudulent act
    • BIPD claims with carve back for defence cost


    Who can bring an action against Directors and Officers?


    • Employees
    • Suppliers
    • Competitors
    • Regulators
    • Customers
    • Shareholders
    • Other stakeholders


    Who does the cover apply to?


    The cover applies to former, present and future members of the board of directors, the management and any employee performing a managerial or supervisory role.


    D&O Insurance for Small & Medium-Sized Companies


    Today's businesses operate in a fast-moving and dynamic environment. Management is closely involved in the day-to-day business operations and important business decisions have to be made on the spot. Such entrepreneurial environment can have a dangerous downside as well. Because the management is so closely involved in daily operations and is often making key decisions, small company owners and managers are extremely vulnerable to lawsuits from regulators, shareholders, customers, competitors, employees and government bodies amongst others. A costly lawsuit of this kind can have a particularly severe impact on individuals since the owner's personal net worth is often tied to the financial health of the company. Keeping this in view, Tata AIG General Insurance Company Limited has designed a pre-underwritten Directors and Officers liability insurance policy called Highlight which is designed specifically for the needs of unlisted small and medium sized enterprises.

    • Tata AIG General Insurance Company Limited's Highlight D&O policy offers an easy way for small and medium-sized companies to secure protection for their Directors and Officers from such lawsuits and claims.
    • Tata AIG General Insurance Company Limited experts can help assess the amount of coverage your company needs based on your risk exposure and offer you comprehensive protection at affordable premiums.
    • Tata AIG General Insurance Company Limited's extensive resources and state-of-the-art customer service makes managing risk simple and cost-effective.

    Highlight covers claims made on Directors and Officers of a company by stakeholders including:
    Shareholders, Regulatory Agencies, Joint Venture Partners, Lenders, Suppliers, Customers, Consultants, Employees, Trade-Unions.
    The Defence costs involved in the claim are also covered under the policy and are payable in advance of final judgement.


    Why do you need Highlight?


    To protect a company's Directors and Officers from:

    • Employment Practice litigations
    • Regulatory investigations
    • Customer suits
    • Accounting irregularities
    • Other stakeholder claims


    (SEC) UIN: IRDAN108P0020V01201213

    (Non-SEC) UIN: IRDAN108P0021V01201213

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