Lawyers Risk Management Services
Directors and Officers Liability
The corporate responsibilities of company directors and officers are increasing. This directly impact s a company’s ability to attract and retain high calibre management and board members.At Paragon we work closely with our clients to craft and tailor products to meet these challenges, keeping abreast of regulatory and legal changes that may impact our clients’ exposures. Our coverage typically includes:
• Coverage for non-indemnifiable and corporate reimbursement claims as well as for securities-related claims against the corporate entity
• Anti recession provision for non-indemnifiable claims coverage
• Non- cancellable policy (except for non-payment of premium)
• Severability in the application and exclusions
• Conduct exclusions amended to reflect “final adjudication” language
• Refinement of Application definition to specifically address attachments and duration
• Limit segregation between D&O and Fiduciary Policies
• Order of Payments provision
• Coverage for employed lawyers
• Outside directorships liability coverage
• Issuance of local policies where required by law.
Paragon has also developed TAKE AIM our exclusive “AIM Preferred” policy which offers a broad form Directors & Officers policy specifically designed for those companies floating on the Alternative Investment Market and other international markets