DARCstar is a Directors and Officers liability insurance wording policy designed to to simplify and improve protection.
Principles of the DARCstar concept
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01
A single insuring clause covering directors regardless of whether loss is indemnifiable by the company
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02
Focused and comprehensive cover for investigations
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03
It confronts the paradox that more complex terms often do not deliver better cover
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04
Exclusive to WTW
Features and Benefits
| Features | Benefits |
|---|---|
| One insuring clause | Instead of the conventional twin insuring clause approach, with indemnification being the barrier between the two, there is a single insuring clause providing direct access for the directors to insurers |
| D&O cover on an ‘all risks’ basis | Rather than an insured perils/affirmative cover approach, the assumption is that the risk is covered unless excluded |
| Waiver of right of subrogation by insurer against policyholder and subsidiary in all circumstances | A commitment from the insurers that they will not seek recovery from the policyholder for indemnifiable loss |
| Nil deductibles | No compulsory deductibles or retentions as standard other than with respect to securities claims |
| Clear triggers for investigation costs cover across a broad spectrum of external and internal investigations and enquiries | Legal costs protection tailored to the needs of directors and officers |
| Simple and transparent claims handling provisions | Greater certainty for directors in the coverage and claims handling process |
| A policy that is easy to understand | Clear, simple and concise terms |
If you would like to find out more download our brochure or contact one of the team.
Download
| Title | File Type | File Size |
|---|---|---|
| Introducing DARCstar Private Equity 2023 | .5 MB |
