Directors and Officers
Directors and Officers
Directors & Officers (D&O) liability insurance is intended to protect individuals and companies from personal and corporate financial losses as a result of being sued as a director in a company or other type of organisation. Coverage can also be sought for the legal fees and other costs the organisation may incur because of such a suit. At Wimsure we seek to understand the inherit complexities of your client’s business and that not every insurance solution fits all. Wimsure believes that nearly any risk can be underwritten and looks to work with brokers and insurance clients alike to build an appropriate, sustainable and renewable solution - even for the most complex risks and within the most difficult industries and regulatory environments.
KEY COVERAGE AND APPETITE:
- Worldwide coverage
- Public and Private Companies
- Primary, Excess, and Side A positions available
- GBP 5m in Limits
- All industries and geographies considered
- IPO’s and SPAC/DESPAC
Management Liability
PRODUCT
HIGHLIGHTS
- Public and Private Company D&O/EPLI
- Public Offering of Securities (POSI)
D&O and Coverage:
- ABC
- Side AB
- Side A Only
- Side A DIC
- Primary and Excess coverage
- Excess for US / US Listed SEC
- SPAC/DESPAC
- Limits Up to $5M aggregate
- Separate or combined D&O/EPL
- Duty to defend form with deductible
- Prior acts coverage available
- Runoff/ERP and 18 Month Policies
- Start Ups and Distressed Risks
APPROVED CLASSIFICATIONS
All industry and segments can be considered including :
- High Tech – including Crypto
- Healthcare/Pharmaceutical
- Transportation
- Energy
- Mining / Resources
- Cannabis
- Retail
NON-APPROVED CLASSIFICATIONS
- Social Media
- Political Organisations to include Lobbying
- Financial Institutions
ELIGIBILITY & UNDERWRITING CRITERIA
- Experience & reputation of management
- Strong financial performance / solvency
- Clearly defined structure and governance
- Audit process, cycle and methodology (both internal & external)
- Rational & understandable strategy
- HR procedures (EPLI)
- Internal controls & risk management
- Control of authorities within the entity
- Operating history & background
- Recent or planned restructuring and / or M&A activity
- Board make-up & Bio’s
- Financial metrics and early / quarterly trends, including debt loads and maturity dates
- Shareholder ownership
- Public Filings and Press Coverage
HOW TO SUBMIT
Email Submissions:
Wimsure submissions will be accepted via email at enquiries@wimsure.com
Submission Requirements:
- Wimsure Underwriting Ltd application
- Audit financials (if available); or 12 month balance sheet and income statement
- List of board members and management team
- Capitalisation table
- Business plan/pitch deck (if start up)
- Loss runs (current)
READY TO PROTECT YOUR BUSINESS?
Get In Touch
ADDRESS
6 Lloyd's Avenue, London, EC3N 3AX
PHONE
0203 058 1090
info@wimsure.com