Administrators, managers and directors of any company, regardless of its size or activities, carry significant responsibilities in relation to the way they conduct themselves and justify the trust placed in them. This may result in claims against them for actual or alleged breach of duty, neglect, misstatements, errors and omissions.
There is a growing number of governing bodies or authorities who can investigate a company and today, more attention is being focused on smaller companies. Even if an individual is not yet personally under investigation, immediate expert legal guidance can help and perhaps, better manage the situation.
As directors and managers are jointly and severally liable, an error on the part of one can have financial and personal consequences for the others, who may have acted with propriety. Strong cover, that ring-fences the cover individuals can receive, can help build the confidence required to work together.
In Singapore's increasingly litigious business environment, companies and their directors and officers are subjected to more onerous duties and responsibilities, and face a growing risk of being the target of legal action as a result of the management and business decisions they take.
Increased supervision from the regulators and government authorities and potential litigation from breaches of the Securities and Futures have motivated directors and officers to take a more active interest in their company's affairs.
In spite of this exposure, a significant number of directors and officers do not have adequate management liability insurance in place.
Investigations and court cases are time consuming and very expensive. Directors and Officers (D&O) insurance cover from AIG assures that our clients will have the highest quality legal representation and assistance from the first moment that an action commences. Dragonshield™ is our best-ever suite of management liability insurance solutions, designed from scratch to meet the needs of our business partners in Asia.
Public and private companies, partnerships and not for profit entities.
DragonshieldTM Corporate Liability Insurance
Customised for medium to large size and/or listed companies.
Market Leading Coverage:
Customised for private companies with total asset size less than SGD 50 million.
Management and Corporate Liability Cover
PrivateEdge reimburses the Company, its directors or officers for the loss resulting from any claim alleging a wrongful act. The coverage highlights are as follows:
A quotation can be provided to eligible clients on site up to the following limits of liability with the completion of the Quick Application Form. Higher limit of liability options are also available on request.
Management and Corporate Liability: S$5 million
Employment Practices Liability: S$1 million
Dragonshield™ is our best-ever suite of management liability insurance solutions, designed from scratch to meet the needs of our business partners in Asia.
Designed in Asia for local, international and global businesses, we believe our management liability insurance solutions will give directors and company officers the confidence to make the right decisions for their businesses.
We've expanded our market-leading D&O cover, Dragonshield™, into a suite of complimentary products offering our clients the greatest possible protection.
Dragonshield™ Entity Investigation Cover
Complimentary cover with the DragonshieldTM D&O policy offering true entity cover for investigations (separate limit of liability).
The market's leading IPO form mirroring the dynamic cover in the DragonshieldTM D&O policy.
Transferrable limits from the POSI form to the D&O policy over a period of 3 years. Cementing the reason to purchase both D&O and POSI cover during an IPO.
Please contact your broker for more information about DragonshieldTM, or contact us directly at:
Yi Lin Ng
A standalone policy that serves to protect companies, directors, and officers from claims arising from a company’s capital raising.
In any initial public offering or private placement, errors or omissions in a prospectus, offers information statement or profile statement can put the issuing organisation and the directors and officers involved, at risk. They should be protected against damages awarded against or settlements negotiated with the insured, including costs of defending such suits, legal costs and expenses awarded.
Provides broader, more relevant coverage, with fewer restrictions and more unique value added services.