Gallagher D&O Insurance
Gallagher places directors and officers (D&O) liability insurance, with advisory support for SPACs and companies going public through an IPO or direct listing.
What Is Gallagher’s Role in D&O Insurance?
Gallagher's Executive and Financial Risk practice places D&O liability insurance and advises on program design; it does not underwrite the policy, which is issued by a carrier selected during placement. 1Group-level executive-and-financial-risk practice page.
Who Issues Gallagher D&O Insurance?
The executive-and-financial-risk page does not name the insurer that would issue a given client's D&O policy; it says Gallagher weighs carrier qualifications and performance data alongside a client's own insurer history and preferences when deciding which carriers to approach. 1Group-level executive-and-financial-risk practice page.
Who Is Gallagher D&O Insurance For?
Gallagher specifically markets D&O placement and advisory support to special-purpose acquisition companies (SPACs) around their IPO and de-SPAC process, and to companies going public through an IPO or direct listing. 1Group-level executive-and-financial-risk practice page, SPAC and IPO subsections.
What Coverage Features Does Gallagher D&O Insurance Include?
Gallagher says its D&O team constructs policies addressing lawsuits from shareholders, employees, competitors, suppliers and government bodies, and can evaluate an existing D&O program against the market. 1Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement.
What Limits and Retentions Does Gallagher D&O Insurance Have?
The executive-and-financial-risk page does not publish D&O limits, retentions or premium ranges. 1Checked the group-level executive-and-financial-risk practice page.
What Risk Services Come With Gallagher D&O Insurance?
For SPACs and IPOs, Gallagher describes bundling D&O coverage before and after the IPO with related lines such as representations and warranties, E&O, cyber, tax and contingent liability coverage, plus risk-management and claims support at each stage. 1Group-level executive-and-financial-risk practice page, SPAC subsection.
How Does Gallagher Handle D&O Insurance Claims?
Gallagher says its Executive and Financial Risk practice has a dedicated claims-advocacy team with in-house attorneys specializing in these lines, and that it uses quantitative benchmarking, including measuring the judicious use of Side-A-only D&O coverage, to guide more precise coverage structures. 1Group-level executive-and-financial-risk practice summary; describes a support service, not a guarantee of claim payment.
