My D&O policy limit is used up, what are my options?
The policy includes options for exhausted limits.
- Dedicated additional limit of liability
This limit is to be used by Directors exclusively if the entire limit under the D&O policy is exhausted.
If your D&O policy limit is exhausted, inform your insurer immediately to discuss options like purchasing additional coverage or an extended reporting period. Consult with legal and insurance advisors to understand how to proceed with pending or new claims. Acting promptly ensures you remain protected against ongoing risks.
Back to Insurance 101What should I do if a regulator sends me a notice?
The policy helps with regulatory notices and responses.
What steps should I take if a client sends me a legal notice for not delivering on a project?
The policy helps address disputes involving the insured person (D&O) effectively.
What should I do if I am accused of breaking anti-trust laws?
The policy helps with anti-trust allegations and defence.
What should I do if I'm accused of any kind of wrongdoing?
The policy supports defence against broad accusations.
What does it mean if shareholders file a lawsuit on behalf of the company (derivative action), and how should I deal with it?
The policy provides coverage for shareholder claims.
What should I do if shareholders file a class-action lawsuit against the Board?
The policy provides support for shareholder class-action cases.
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