The AIG Building

CorporateGuard APEX

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. 

  • Follow form excess D&O cover for non-indemnifiable loss
  • Non-follow form DIC cover when:
  • -Underlying cover proceeds unable to be accessed due to insolvency of company
  • -Rescission or avoidance by underlying insurer, whether threatened or actual
  • -An underlying insurer is financially unable to pay on underlying insurer wrongfully refuses to pay
  • Blanket DIC cover including:
  • -Limited US insured versus insured exclusion
  • -No trustee fiduciary liability exclusion
  • No general pollution exclusion
  • Advancement of defence costs and investigation costs when a company fails to indemnify an individual director
  • Full punitive damages cover
  • Spousal and domestic partner cover
 
Additional Features Back To Top
  • Non-rescindable
  • Non-cancellable except for non payment of premium
  • Severability of the proposal form