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Protect yourself from costly lawsuits
Directors and Officers (D&O) is the essential protection for startup founders and company management.
As an Osome customer, your risk profile is better than your peers because Osome takes care of your accounting and secretary filings.
We've managed as a result to negotiate a 10% discount for all Osome customers for this insurance. Take advantage of the offer now!
Directors and Officers (D&O) Solution
Any startup or company that has raised capital or has a board should be protecting management from lawsuits. These could result from actions or decisions of the management or board members.
Reduce risk
Personal assets are at risk if you are sued over a decision you made on the company's behalf. The typical cost of a lawsuit to a startup in Southeast Asia exceeds $200k
Attract the best
Competition to attract the best leaders is fierce. With the protection of D&O it enables leaders to take the risks necessary to grow the business without having to worry about the lawsuits.
Protection solution that works
Policy limits and premium (after discount):
Policy limit of S$500,000 for S$954 incl. GST
Policy limit of S$1,000,000 for S$1,521 incl. GST
Key policy benefits
Defence cost and related legal expenses
Cost and expenses for official investigation and enquiries
Crisis containment and PR expenses (sub limit S$250,000)
Occupational health and safety defence costs (sub-limit 20%)
Employment practices liability (sub limit 20% of policy limit)
Crime cover
(sub limit S$100,000)
Deductibles: S$5,000 (S$10,000 for crime related claims)
*A deductible is the amount you pay on a claim before your insurance kicks in
Key policy exclusions
Any criminal act by an insured incl. fraudulent and dishonest acts
Breach of professional duty (requires Professional Indemnity policy)
Ongoing litigation before policy inception
Bodily injury and property damage
Jurisdiction worldwide excl. USA and Canada
Covid-19 exclusion
Discovery period exclusion
Download the full policy wording
Got more questions?
Established in 2009, DUAL Asia is an insurance underwriting agency committed to delivering innovative insurance solutions in the financial lines area.
MSIG Singapore, a member of the MS&AD Insurance Group has partnered with DUAL to provide specialised insurance solutions for the financial lines area.
