Administrators, managers and directors of any company, regardless of its size or activities, carry significant responsibilities in relation to the way they conduct themselves and justify the trust placed in them. This may result in claims against them for actual and alleged breach of duty, neglect, misstatements, errors and omissions.
Actions against the company and its management can involve a high degree of personal liability for the individuals. With potential penalties that range from hefty fines, all the way to disqualification and possible imprisonment, the need for an immediate and effective response to any threat is clear.
AIG is the world leader in D&O insurance and we ensure our clients are protected against new and emerging types of risk, updating our cover regularly. This expertise extends to the support of our claims teams, who can draw upon the experience of our world-wide network.
Our CorporateGuard offering is the strongest we have ever produced. It's built on our longevity in the sector, our global franchise, our technical expertise and our experience handling more claims against directors than anyone else.
Mid to large sized companies in all sectors.
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We look to provide companies the comfort senior officers of AIM quoted companies should be looking for. Our CorporateGuard D&O Liability cover is supplemented with specific insurance against liabilities arising out of AIM admission and placing documents, including shareholder misrepresentation claims and warranty claims by brokers and nomads.
Protection for claims brought against directors, officers and senior employees of businesses listed or planning to list on the Alternative Investment Market (AIM), covering actual or alleged breach of duty, neglect, misstatements, errors or omissions.
Cover can also be arranged to include the Prospectus Liability Insurance related to the Placing Agreement and the intended offering.
Companies currently listed on the Alternative Investment Market (AIM) or companies that have enlisted a Nominated Advisor to list on the AIM.
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The Side A DIC insurance policy from AIG, D&O Guardian, responds when indemnification is not available for individual directors and officers to pay the costs of defending and resolving legal actions against them.
This can happen when a company becomes insolvent, fails to respond in a timely fashion to a request for indemnity, wrongfully refuses to indemnify, or is otherwise prohibited from indemnifying directors and officers. The DIC aspect of Side A cover also fills gaps that may occur in a large D&O program.
Our new three pronged approach to Side A provides an innovative solution for a company’s Side A needs:
New Side A DIC Policy – D&O Guardian: An updated “Side A” Excess and Difference-In-Conditions (DIC) offering with market leading features.
SAME (Side A Matching Endorsement): Endorsement available for clients who purchase primary D&O and lead Side A from AIG providing the benefit of the broad D&O Guardian cover as your primary Side A cover through the entire D&O tower.
$100 Million in Side A Capacity: Expanded capacity for Side A Excess DIC programs, globally.
D&O Guardian is designed to supplement and reinforce primary layered D&O insurance programmes. Covers all directors and officers, outside entity directors, shadow directors, approved persons, employees with managerial and supervisory duties, and their domestic partners.
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PrivateEdge has been developed for private companies, for partnerships and for charities, affinity groups and other not for profit organisations. We have special policy wordings for each of these three segments reflecting the different structures and needs of each customer group.
Privately Owned Companies in all sectors with turnovers up to £250m, all types of partnerships and not-for-profit organisations.
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Our CorporateGuard D&O cover for Financial Institutions recognises the increasing risks faced by companies of all sizes and their officers. It provides formerly bespoke cover automatically, with added value services and fewer restrictions. Clients have the comfort of knowing that one of the most experienced claims teams in the industry is working on their behalf if a claim is made.
Financial institutions of all sizes including banks, hedge funds, insurance companies, building societies, fund managers, investment managers, stockbrokers, venture capital firms and finance companies.