Directors and Officers - Side ABC

Line Size

$10M

Territories

MAP DNO

Target Customers

  • Commercial and financial companies
  • Diverse industry segments
  • Publicly traded companies

Cover

Cover provides defence costs and indemnity in the event of litigation or investigations against individual D&O's and/or the entity, including coverage for:

  • Damages, judgments and settlements
  • Legal fees and expenses
  • Regulatory investigations
  • Securities Claims
  • Derivative Suits
  • Security Holder Demand Investigatory Costs
  • Extradition Proceedings

Directors and Officers - Side A (including Difference in Conditions)

Line Size

$10m

Territories

Map

Target Customers

  • Commercial and financial companies
  • Diverse industry segments
  • Publicly traded companies

Cover

If a company does not indemnify, this policy responds to provide Directors and Officers the cover they need. Unlike other D&O policies, Side A DIC policies have no coverage exclusions apart from conduct matters.

  • Excess cover if limits on the primary D&O cover have been exhausted. The Side A DIC policy responds by paying Side A shortfalls subject to any agreed terms, conditions and limitations in the primary policy or
  • On a drop-down basis when an insurer of the primary D&O cover refuses to pay a claim or fails to pay within an agreed time frame of a request to do so. There are a number of examples where a reason for not payment could require Side-A policy to respond including
    • An application of exclusion
    • An insurer has become insolvent
    • Unnecessarily incurred defence costs
    • Late notification of a claim

Meet your team

GREEN GARY LILL

Gary Lill

Head of Professional Lines

+44 (0) 203 824 5116
+44 (0) 7967 766359
YELLOW TRISTRAM PRIOR

Tristram Prior

Senior Underwriter, Professional Lines

+44 (0) 203 824 5182
+44 (0) 7825 123 850
GREEN STEVEN PEART

Steven Peart

Claims

+44 (0) 203 824 5186