Executive Summary Ask ten directors how they're protected from director personal liability and at least eight will say the same thing: "We have insurance." Fair enough. But that answer is mostly wrong, and it's the kind of wrong that costs people their savings and their sleep. Indian law doesn't protect the director who bought a policy. It protects the director who can prove they did their job. The Companies Act, 2013 and a recent string of Supreme Court rulings both lean the