A Director or an Officer can be held
personally responsible for alleged breach of
duty, negligence etc., arising out of
discharge of their official duties. This
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.
This type of liability falls upon
the concerned director or officer as
a personal liability and not as a
more general corporate liability.
Unless adequately covered, an individual
prone to this exposure can stand to lose his