PROFESSIONAL INSURANCE ADVICE FOR PUBLICLY QUOTED COMPANIES

Initial Public Offering Insurance

Initial Public Offering Insurance (also known as Prospectus Liability Insurance) provides insurance protection to companies and their directors from the risks involved in the IPO process.

These risks typically arise from representations made in the information documents published within the IPO process. For example, innocently made misrepresentations or other incorrect information which is relied upon by third parties and which may lead to claims where inaccurate.

The cover will typically include legal defence costs and awards or settlements arising from litigation. Protection is provided both to the company and its directors.

Initial Public Offering (IPO) Insurance should be considered by any company involved in a public offering of securities or in private placements.

Directors & Officers Liability Insurance

Directors and Officers Liability Insurance is designed to cover the risks directors and officers face in the day to day management and operation of their business. It is designed to protect the directors (and thereby their individual assets) in a personal capacity.

The insurance will protect the directors from the costs of defending an action (which can be substantial regardless of the merit or otherwise of the allegation) and awards or settlements arising from litigation.financial costs of regulatory or legal action and associated reputational damage. Guilty or not, the cost of your defence against such proceedings can be considerable.

Cyber Risks Insurance Risk

Cyber policies offer coverage against a suite of first party and third- party risks:

First party exposures can include:

• Loss or damage to digital assets
• Non-physical business interruption and extra expense
• Network interruption
• Cyber extortion
• Crisis management and reputational costs
• Reputational damage
• Social engineering and Fund transfer fraud

Examples of third party exposures:

• Security and privacy liability
• Privacy regulation defence costs
• Insurable fines and penalties
• Notification expenses
• Multi-media liability (IPR infringement. defamation, breach of privacy)

Investment protection

PROTECTION OF CLIENT ASSETS

As you are aware, protection of client assets is of increasing concern to all participants within the financial services industry. New and emerging risks have highlighted the need to quantify vulnerabilities, evaluate the adequacy of existing risk mitigation arrangements and assess the adequacy of same in the event of a major event, whether singularly targeted against a service provider, fund manager or administrator for example, or as a consequence of a systemic event.

INSURANCE INDEPENDENTLY ARRANGED BY INVESTOR, PRIVATE INVESTMENT FUND OR TRUST

Robertson Low can now arrange insurance that can be independently arranged by an investor, private fund or investment trust. This new insurance, can provide indemnity for Loss incurred in excess of payments received under the Financial Services Compensation Scheme following the default of a Broker Dealer.