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Directors and officers Liability

The directors and officers in pursuance of their duties may take some
actions which may be in violation of certain statutes or Indian Laws.


This policy provides cover against the following:


• Any loss that the Organization may incur, on account of mistaken actions taken in their individual capacity as Directors & Officers
in pursuance of their duties under Memorandum and Articles of Association.


• Legal costs & expenses incurred with the written consent of the insurers arising out of prosecution (criminal or otherwise) of any
Director / officer and attendance at any investigation, examination, inquiry or other proceedings by the authority empowered to do so.


• Premium depends on profile of the client, the Sum Insured selected, present and past functioning of the company, information
in the balance sheet and annual report, degree of exposure etc.