Great American Insurance Group
Public Directors & Officers

Product Information

Public companies face claims from shareholders, competitors, customers, suppliers, creditors and government entities. You can help safeguard your clients against such claims with our Public Company Directors' & Officers' Liability policy. With $25 million in available capacity on a primary or excess basis, we can tailor a policy to fit the differing needs of public companies. A variety of endorsements are available that increase coverage and provide even more peace of mind.

Coverage Information

Broad definition of ‘Claim’ includes civil, criminal, administrative, arbitration and regulatory proceedings and investigations commencing with the receipt of a subpoena, Wells Notice or target letter, and requests to toll or waive the statute of limitations 

Broad definition of ‘Securities Claim’ includes civil lawsuits or criminal proceedings brought by the Securities and Exchange Commission and Company co-defendant language for administrative or regulatory proceedings during the time that the proceeding is continuously maintained against and Insured Person 

Broad definition of ‘Loss’ includes Costs of Defense, settlements and judgments, punitive damages, pre- and post-judgment interest, non-indemnifiable and Costs of Defense carve outs for ‘bump up’ claims, and Section 11 and 12 of the ’33 Act language 

Full Severability of the exclusions for Insured Persons with only facts pertaining to or conduct of a past, present or future CEO or CFO of the Corporation imputing to the Insured Entity

Full Severability of the Proposal Form for Insured Persons, with only the signor of the Proposal Form, CEO and CFO imputing to the Entity under Insuring Agreement I.C, and coverage provided under Insuring Agreement I.A. is non-rescindable  

SEC documents are limited to the last twelve months plus the most recent Form 10-K and annual report  

Conditional 90 day advancement of Costs of Defense  

90-day post policy reporting period for Claims 

Order of Payments Provision 

Coverage provided under the Policy shall apply worldwide 

Locations Served

North America

• Max Coverage

  USD
  25M

Line of Business Checklist

• Retail
• Food and Beverage
• Apparel Manufacturing
• Household Goods
• Chemical
• Oil and Gas
• Commercial Services
• Medical Device
• Computer Software
• It Service
• Semiconductor