What we offer
A bold solution for Private equity firms covering the whole life cycle of an investment portfolio, from purchase to exit and everything in between. Transparent pricing, automatic, faster renewals, reduced admin and long term client certainty, enables Private Equity directors to focus on their growth ambitions.
Directors & Officers Side AB cover with a long term partnership approach for private equity portfolio companies
Cover
Protection for directors and officers, as well as other individuals, including coverage for:
- Regulatory and internal investigations
- Data breach
- Environmental claims
- Health and safety claims
- Insolvency hearings
- Extradition, permanent residency and repatriation
- Damage to reputation
- Freezing of assets and disqualification
Full limit mitigation costs cover Protection for the company, for costs relating to payments made to indemnify individuals.
How can we help
Directors & Officers Side AB
This cover is for individuals and organisations, for claims brought against directors and officers. A Side C option is also available upon request.
Key product features
Continuous automatic renewal clause as standard
An average portfolio investment company runs from 4-7 years. Renews with minimum input required until the private equity firm is ready to exit. No proposal form or financials needed for automatic renewal.
Any one claim as standard
Limits provided for any one single event (except in the event of bankruptcy), if the worst happens and multiple events occur then we are with you.
Key Person cover
Firms invest in people. This cover protects against costs incurred for temporary replacement cover or to recruit for a permanent replacement. (Maximum period of 90 days)
Kidnap response cover
Wealthy individuals can be a target. We cover the reasonable fees, costs and expenses of a kidnap management and resolution consultant.
Roadshow extension
Planning an initial public offering, your roadshow is covered! (ex US) We also offer 60 days IPO cover while you get on with your offering, side C and POSI cover options available upon request (for an AP)
Legal advice helpline in partnership by DAC Beachcroft
We offer a 1 hour free helpline to get independent legal advice from a leading law firm DAC Beachcroft Welcome
The Beazley Difference
BEING BOLD
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
Examples or Scenarios
The founder and former CEO, a minority shareholder, brought a claim under s.994 of the Companies Act 2006 seeking relief on the ground that the company’s affairs were being conducted in a manner that caused him prejudice. The private equity company appointed directors and the private equity company were named defendants in the litigation. It was alleged that the defendant directors withheld information including company accounts, excluded him from the management of the company in breach of a shareholders agreement and used company assets for the benefit of the private equity company, to the detriment of the insured portfolio company.
A claim was brought by the former CEO of a company acquired by a private equity firm. The former CEO alleged that he lost his job and suffered various other loss by reason of being a whistle-blower. He sued not only the portfolio company but also the private equity company. His claim was for over GBP 200 million, although this was heavily exaggerated.
Your Beazley Team
Oliver Wheeler
Oliver Wheeler
London, UK
+44 20 7674 8028 Email Oliver Wheeler View profileEmma Pereira
Emma Pereira
London, UK
+44 20 7674 7159 Email Emma Pereira View profileJo Ghaly
Jo Ghaly
London, UK
+44 20 7674 7022 Email Jo Ghaly View profileKarolina Sokolowska
Karolina Sokolowska
London, UK
+44 20 7674 7887 Email Karolina Sokolowska View profileChloe Cox
Chloe Cox
London, UK
+44 7568 157941 Email Chloe Cox View profileSteve Jennings
Steve Jennings
London, UK
+44 20 7667 0698 Email Steve Jennings View profileRory Burling
Rory Burling
London, UK
+44 20 7674 7520 Email Rory Burling View profileMike Parry
Mike Parry
London, UK
+44 20 7674 7243 Email Mike Parry View profile