- Non-rescindable
- Non-cancellable except for non payment of premium
- Severability of the proposal form
Overview: Greater protection for directors's personal liabilities. Provides a combination of excess protection, drop down 'difference in conditions' (DIC) protection and cover if any of the underlying insurers can't or won't meet their policy obligations.
Who is it for?: APEX is designed to supplement and reinforce primary layered D&O insurance programmes. Covers all natural person directors and officers, outside entity directors, shadow directors, approved persons, employees with managerial and supervisory duties, and their domestic partners.