London, 2 February 2016Optimum Policy Launched by Arthur J. Gallagher Challenges the Complex Nature of Directors’ and Officers’ Claims
Several recent high profile corporate governance issues have highlighted that claims against company directors are both expensive and complicated. Now more than ever, there is an absolute requirement for unambiguous and comprehensive cover.
In response to these heightened concerns, Arthur J. Gallagher have designed their Optimum 2016 Side A DIC policy form which will safeguard a directors’ personal assets when their conventional D&O policy has been exhausted or fails in some unforeseen way.
Some key benefits include:
- Up to USD 100m in capacity available
- Legal expenses of a director or officer to challenge any attempts from another director or officer to block or restrict access to the underlying D&O or Side A DIC policy
- Additional limits for loss when the underlying limits of liability have been exhausted
Executive Director of Arthur J. Gallagher’s Management Liability team, David Ritchie, has described how Optimum is an ideal solution for the current insurance market, “AJG Optimum 2016 is designed to cope with complex claims by providing clarity and speed when it comes to dealing with these claims. Our policies are focused solely on the personal liability of the individual directors and officers, providing the ultimate in protection.”