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What is hammer clause in D&O Policy?

QuestionsCategory: Directors & Officers Liability InsuranceWhat is hammer clause in D&O Policy?
default avatarPlan Cover Staff asked 6 months ago

1 Answers

Best Answer

default avatarSrinivasan Mahadevan Staff answered 4 months ago
The Hammer Clause associated with a D&O liability insurance ensures settlement of the claims made by the insured. The insurer has to mandatorily settle the claims, according to the Hammer Clause.  Hammer clause allows the insurer to force the insured to settle the claim. 
The Hammer Clause complies with the other terms and conditions of the D&O Policy, within the legal framework. The clause is designed in a way to blend with the essence of the insurance policy document.
If your business is searching for transparent D&O Insurance, then it is highly recommended to buy the policy from the reliable Insurance Broker PlanCover. It has good expertise in selling insurance policies to several types of businesses across India. Call PlanCover today. 

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