PUBLIC COMPANY DIRECTORS AND OFFICERS LIABILITY

In addition to claims brought against the management of publicly traded organizations by customers. suppliers, employees and regulatory agencies, coverage is available for the directors, officers, employees and the entity for claims brought by shareholders alleging violations of the Securities Act of 1933 and the Securities and Exchange Commission Act of 1934.

The typical securities claims allege fraud on the market relating to failure to disclose or misrepresentation of developments in the financial performance of the insured company. The alleged misrepresentations can occur in company press releases, conference call with analysts or in periodic filings with the SEC, such as Form 10Qs and 10Ks.

For newly public companies, plaintiffs often allege that the offering prospectus failed to disclose or misrepresented the financial or market prospects of the issuer of the securities.

Cincinnati Intermediaries hasĀ over 20 markets which provide D&O coverage for public companies.

INFORMATION NEEDED FOR COVERAGE PROPOSAL
  • An executed application
  • Latest Form 10K and 10Q
  • The latest proxy statement

For IPOs, the Form S01 is the only supporting document necessary.