Business Protection

Public Offering of Securities Insurance

This product could be of benefit to companies who are thinking of, or are in the process of, listing on a stock market.

Public Offering of Securities Insurance covers the cost of claims arising from offerings. The policy can cover equity or debt issues, both initial and secondary. The type of insurance covers:

  • Liabilities relating to a prospectus/listing particulars
  • Liabilities arising from statements or information provided in connection with the offering including statements made in any road shows
  • Advancement of defence costs
  • Non-rescindable policy unless there has been any fraudulent misrepresentation or fraudulent non-disclosure by any insured
  • Automatic cover for follow-on offerings made and raising an amount of up to 25% of the value of the initial offering