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CorporateGuard D and 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?: The decision to list on a public market is one of the greatest milestones in any company’s history.

Since it was launched in 1995, over 2,200 companies have been admitted the Alternative Investment Market (AIM), a sub market of the London Stock Exchange. AIM allows smaller companies to raise capital in a more flexible regulatory environment than the Main Market.

The liabilities faced by directors of AIM- quoted companies are every bit as onerous as for those on the Main Market.

CorporateGuard Directors & Officers for AIM-quoted companies provides the comfort senior officers in this sector should be looking for.

Our strongest ever CorporateGuard D&O Liability cover is supplemented with 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

Cover Back To Top
  • 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.