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commercial insurance


This cover is suitable for those Directors & key officers who are in a decision -making position. These directors and officers in pursuance of their duties may take some actions which may be in violation of certain statutes or Indian Laws.


Provides cover

  • Against 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.
  • Against loss arising from claims made against them by reason of any wrongful Act in their Official capacity.
  • 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.
  • Expenses incurred by any shareholder of the Company in pursuance of a claim against any Director / Officer, which the Company is legally obliged to pay, pursuant to an order of a Court.
  • Provide indemnity to the estate of, legal heirs or legal representatives of the Director / officer in the event of the Director / officer becoming insolvent.

  • Any bodily injury ,sickness, disease or death of any person or any damage to tangible property
  • Dishonest, fraudulent, criminal or malicious act.
  • Personal guarantee.
  • Libel and slander
  • Personal injury and damage to property.
  • Pollution damage
  • Directly resulting from goods or products manufacture or sold by the company
  • Fines, penalties, punitive or exemplary damages.
  • Any circumstances existing prior to inception date of policy

  • 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.

  • Directors and the Company shall give to underwriters immediate notice in writing of any claim
  • Directors and the Company shall not disclose to anyone the existence of the policy without underwrites’ consent
  • Directors of the Company shall not be required to contest any legal proceedings Counsel shall advise that such proceedings should be contested.
  • Underwriters shall not settle any claim without the consents of the Directors or the Company