D&O

Beazley’s directors & officers product has been redesigned and drafted with clear, concise and modern policy language.

Insurers are mandating their clients to disclose any dealings with FTX, and in response, limiting or even denying coverage to companies they deem too risky.

Coverage highlights include defense beyond the standard limits, automatic inclusion of third parties and full prior acts coverage.

The new product helps fill coverage gaps and provide substantive resources designed to protect organizations from existing and evolving D&O threats.

Despite the good news in the D&O market, uncertainty remains as the economy faces a period of higher inflation and a possible recession, which could lead to an increase in D&O claims.

“Directors & officers insurance is the only policy that can adequately protect board actions,” says independent agent William Simons. “The decisions and actions board members take are their personal responsibility.”

As capacity returns and rate increases decelerate, D&O market conditions have improved. However, agents need to remain diligent.

While cybercrime has skyrocketed over the last few years, what’s alarming is that business leaders have been slow to respond to these new threats.

Your commercial clients could be leaving a huge risk exposed if they don’t reckon with diversity, equity and inclusion (DE&I).

In today’s world, it is no longer enough to simply transfer and mitigate the risks to key stakeholders whose decisions and oversights are more easily scrutinized online.