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
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
- 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.
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
Who we can help
- Limits available: USD25m
- Environmental, social, and governance (ESG) capacity available if eligible
This is part of a Private Equity Portfolio of products available at Beazley
- Mergers & Acquisitions insurance
- Cyber insurance
- Financial Institutions insurance
- Beazley digital, various products
The Beazley Difference
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.