DARCstar is based on the premise that many D&O liability insurance policies are too lengthy and cumbersome. Just ten pages long, it confronts the paradox that more complex terms often do not deliver better cover.
The three planks on which the DARCstar concept rests are:
- A single insuring clause covering directors regardless of whether loss is indemnifiable by the company
- Focused and comprehensive cover for investigations and enquiries
- A clear and transparent approach to claims conduct and control
