Skip to content

Covid-19 brings insurance policies for directors back into mainstream: Business Standard.

June 21, 2020

Enlightened buyers, particularly those with complex global exposures to litigious markets, are waking up and demanding sophisticated covers for their specific needs.

Topics
Coronavirus | Insurance policy | insurance cover

Praveen Gupta Last Updated at June 20, 2020 23:48 IST

https://www.business-standard.com/article/pf/covid-19-brings-insurance-policies-for-directors-back-into-mainstream-120062001389_1.html : Companies need to learn from all that is unfolding and anticipate what is in store. The lesson is straightforward. If you are in any form of business, whether local or global, and do not have a directors and officers cover, seriously reconsider. If you have one, revisit the coverage and limits. If you do not offer them adequate protection, quality independent directors will not agree to serve on your board, if they foresee risks to their personal assets. This is a growing trend. Do not go for cheaply priced covers, avail reasonable coverage limits, and also look at all other insurances in conjunction with the D&O cover. And remember, insurance is but a part of overall risk management. There should be no trade-off.

From → Articles

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: