The AIG Building

CorporateGuard D&O Liability Insurance for AIM-quoted Companies

Overview: Protection from securities claims against the company and its directors, officers and employees listing the business on the Alternative Investment Market (AIM)

Who is it for?: Companies quoted on the Alterantive Investment Market (AIM). Includes specific insurance against liabilities arising out of AIM admission and placing documents; including optional cover for:

- shareholder misrepresentation claims

- warranty claims by brokers and nomads

- claims against controlling or selling shareholders

  • Includes advanced coverage for the liabilities arising out of the AIM admission process, including those arising out of the admission document or any subsequent placing documents. 
    • Aggregate Limits available up to £25m
    • Additional ring-fenced limit for each Non-Exec of up to £1m, aiding recruitment
    • No Insured vs Insured exclusion outside the US
    • Full limit of liability available for Representations at Investigations
    • In an emergency, ability to incur up to 10% of the limit without consulting AIG Europe
    • Dawn Raid fighting fund of £50k
    • Kidnap and Hijacking coverage of £50k
    • PR fund to publicise successfully defending a lawsuit - 10% of the limit
    • Free of charge advice from a panel of leading law firms
    • Ability to use any law firm in the world, although preferential rates negotiated with a panel of leading firms.
    • Public Offering of Securities Coverage
    • The company and directors are covered for any claim alleging misrepresentation in the admission document or any specified placing document or prospectus.
    • Critically, the policy covers any warranty or indemnity claim brought by the broker (or nomad) against the company or director.
    In addition, if required the policy can offer coverage for claims against selling shareholders (for instance Private Equity companies making an exit) or controlling shareholders.