Public Company D&O

Overview

 

Corporate governance reforms in the United States in recent years have added significantly to the responsibilities of executive and non-executive directors of public companies. Directors understandably look for robust insurance coverage to protect them in the execution of these responsibilities.

 

With more than 20 years experience underwriting D&O in the United States, Beazley is well equipped to provide the coverage that directors and their companies require. We are today the leading insurer of US D&O risks in the London market.

 

The exposures faced by executives and company board members can be personally and financially devastating. Sophisticated internal controls and heightened levels of corporate governance within the company are the first line of defense but in a dynamic environment the unexpected can happen, and does.

 

 

Jim Seymour explains the benefits of Beazley Armour

Product benefits include automatic reinstatement of policy limits for independent directors and innovative follow form language.

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Details

 

Beazley differentiates itself by employing a fully integrated approached to claims service. Our claims managers are an integral part of the underwriting team, allowing us to deal quickly with developing issues.

 

In addition, we empower our underwriters to make decisions. Combined with the experience of the team, this enables us to offer timely, yet considered responses to your needs.

 

Beazley’s policy include the typical provisions found in most directors & officers policies, and in addition offers the following benefits:

 

  • No panel counsel requirement
  • Non-rescindable Side A coverage
  • Securities entity coverage
  • Order of payments
  • Broad allocation language
  • Coverage for derivative demands (costs of investigation)
  • Non-profit outside directors liability coverage
  • Punitive and multiple damages (where insurable by law)
  • Domestic partner extension
  • Final adjudication for fraud exclusions
  • 25% acquisition threshold

 

Limits available

Up to US $10,000,000 primary or excess

Beazley Armour, our Side A policy form, offers limits of up to US $15,000,000, with automatic reinstatement for non-executive directors.

 

Target market

US publicly traded companies, excluding financial institutions

 

 

 

 

Not all coverages or products described on this website are available in all US jurisdictions. Some products are available on an admitted basis in some but not all US jurisdictions from Beazley’s US insurance company subsidiary, while other products and coverages may be available in the US only on a surplus lines basis through licensed surplus lines brokers doing business with Beazley’s Lloyd’s of London syndicates.

 

The descriptions contained in these pages are for preliminary informational purposes only. Coverages will vary depending on individual state law requirements and may be unavailable in some states. The exact coverage afforded by the products described on this website is subject to and governed by the terms and conditions of each policy issued.  The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.

Your Team

Underwriters

Paul Bunone

Paul
Bunone

Underwriter, Management Liability

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[Specialty Lines]

New York, USA

T +1 (646) 943 5901

E []

Wayne Imrie

Wayne
Imrie

Underwriter, Management Liability

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[Specialty Lines]

London, UK

T +44 (0)20 7674 7446

E []

Jim Seymour

Jim
Seymour

Underwriter Management Liability

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[Specialty Lines]

Lake Forest, IL, USA

T +1 (312) 506 1304

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Chris Warrior

Chris
Warrior

Underwriter, Directors & Officers Liability

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[Specialty Lines]

London, UK

T +44 (0)20 7674 7072

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Densel White

Densel
White

Private Enterprise Producer

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[Specialty Lines]

Charlotte, NC, USA

T +1 (704) 540 0058

E []

Neal Wilkinson

Neal
Wilkinson

Underwriter, Directors & Officers Liability

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[Specialty Lines]

London, UK

T +44 (0)20 7674 7239

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Claims

Yera Patel

Yera
Patel

Claims Manager

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[Specialty Lines]

London, UK

T +44 (0)20 7674 7128

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Eric Ross

Eric
Ross

Claims Manager

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[Specialty Lines]

Farmington CT, USA

T +1 (860) 677 3760

E []