Press Release (ePRNews.com) - India - Apr 02, 2022 - Qian is a leading insurance broking firm in India that specializing in commercial insurance solutions for companies. In recent times, Qian Insurance Broking LLP has made a name for itself for Liability Insurance Policies such as D&O Insurance Policy, Doctors Professional Indemnity Insurance Policy, employee benefit solutions such as Group Mediclaim Insurance Policy for Employees, Small Business Group Health Insurance Policy and Group Personal Accident Policy and Engineering Insurance Policies such as Contractors All Risk Insurance Policy as well as Fire Insurance Policies.
Today Directors and Officers of Public and Private Companies as well as Startups are facing increased litigation as well as scrutiny. Directors and Officers of a company take a lot of decisions on behalf of the company. Sometimes these decisions go right while other times they might go wrong. However, when these decisions go wrong there are chances that the directors and officers may get sued.
In such cases, the directors and officers have to spend money towards legal expenses towards defending the case in courts. In case of an adverse judgement, the directors and officers would also be responsible for paying damages awarded by the courts.
Purchasing a D&O Policy in India would provide comfort to directors and officers as it would pay for the defence costs as well as damages that a company’s officers and directors are legally obligated to pay to third parties on account of the financial loss suffered by the third parties as a result of any wrongful act committed by the directors and officers in their managerial capacity. Breach of duty, breach of trust, error, omission, negligence, misstatement, or misleading statement are all examples of wrongful acts.
In response to a query, Qian’s spokesperson said. “We believe that having comprehensive D&O Insurance Coverage is extremely important and organisations should avail the services of an experienced insurance broker for purchasing D&O Policy in India.”
Today, there has been a big increase in number of bankruptcies and consequent increase in number of D&O Claims. Additionally, increased scrutiny on corporate governance practices and compliances has also led to D&O Claims. Similarly, new D&O risk exposures have also emerged from Cyber Risk Exposures, M&A Transactions and Spinoff Transactions.
All this has also led to a big increase in demand for Directors and Officers Liability Insurance Policy and also an increase in D&O Insurance Premiums.
The spokesperson further added. “An Insurance Broker is an extremely important part of the insurance buying journey. Though, a Directors and Officers Liability Insurance Policy is straightforward, there can be difference in definitions. This would make the policy scope broader or narrower and it can be extremely important during a claim. It would make all the difference between a claim being paid or not being paid. An experienced insurance broker would make sure to avail comprehensive D&O Coverage by comparing coverages amongst multiple D&O Insurance Providers.”
Qian is a leading insurance broker for D&O Policy in India and can assist companies to avail comprehensive coverages tailored to their business risk exposures.
In today’s fast-paced world, Qian collaborates with its clients to provide the insurance solutions for mitigating the various risks that their businesses face. Qian’s knowledge and experience can help you with a variety of commercial and personal insurances. Qian also offers top professional indemnity insurance for doctors.
125 C, Mittal Court,
12th Floor, opposite Inox Cinema,
Nariman Point, Mumbai, Maharashtra 400021
Phone- +91 22 22044989
Source : Qian