Directors and officers of various companies make everyday decisions that affect more than just the success of the company or their own careers; they carry the risk of personal litigation and unlimited financial loss against various stakeholders, such as employees, shareholders, regulatory bodies and even customers.
Directors & Officer Liability Insurance will indemnify on behalf of the Insured(s) all judgments, settlements and defense costs which they are legally obligated to pay, and/ or shall pay on behalf of the Company all these losses which it is legally required or permitted to pay, including any Claim against the Insured(s) for a Wrongful Act in the Insured’s capacity as a director, officer or employee, provided the Claim is first made against the Insured(s) during the Policy Period.
The Insured(s) includes all past, present and shall be directors, officers, company secretaries of the Company, or the lawful spouses, the estates, heirs or legal representatives of deceased persons who were directors, officers, company secretaries of the Company at the time of the Wrongful Act upon which the Claim is based.
The extension of Directors of Subsidiaries, Outside Directorship, Entity coverage for Employment Practice Liability (EPL) is also accessible.
In today’s business environment of increased accountability and responsibility, any professional person or consultant providing advice or services must take appropriate precautions to avoid a situation which can lead to serious legal questions resulting in the loss of reputation. Even if a professional has been cleared of any liability to compensate a claimant, the cost of defending is numerous. This is the area where Professional Indemnity insurance solution comes in.
Professional Indemnity Insurance protects the Insured against legal liability for any Claim for compensation and settlements first made against the Insured during the Period of Coverage and which is notified in writing to the Insurer during the Period of Coverage, for breach of professional duty in the conduct of the Professional Business Practice carried on by or on behalf of the Insured by reason of any negligent act, error or omission committed or alleged to have been committed on the part of the Insured.
The policy provides coverage for the significant legal costs, including other expenses associated with defense or settlement of any Claim.
The default of one of the biggest clients is one of the most frequent reasons that can put a company in a severe financial situation. Why leave the risk unprotected when a solution is actually available?
Trade Credit Insurance will indemnify the Insured up to the Insured Percentage of the Insured Loss in the event of Buyers’ Insolvency or Protracted Default.
Extension to include political risks, such as currency inconvertibility, cancellation of import/export license, war and civil war is available for export sales.
Many times, the Insured has already engaged in large expenditures to produce the goods. In the case that a default occurs before the goods have been dispatched and invoiced, the Insured can be protected under ‘Work in Progress’ as additional coverage.
Kidnap & Ransom Insurance will reimburse the Insured for any Loss being ransom/extortion monies paid, monies lost in transit, consultants fees, legal fees, additional expenses, personal accident and evacuation costs caused by or resulting from any Insured Event which first occurs in the territory during the period of insurance and is notified to the Insurer in accordance with the terms of this Policy.
Jewellers’ Block Insurance provides protection against all risks of direct physical loss of or damage to the property insured at the Insured’s premise.
Jewellery, gold or silver ornaments or plate, pearls and precious stones of any sort or kind whatsoever and/or other merchandise and material usual to the conduct of the Insured’s business, bank notes or script, whether the same be the property of the Insured or entrusted to him or them on sale or return or on approbation for work to be done thereon or for safe custody or for any other purpose whatsoever are considered as property insured.
Coverage of the risks during transit and exhibition shows is optional. Whether a manufacturer, wholesaler or retailer, we have comprehensive solutions ready.