Mercator Risk Services | Tougher Accounts

Directors and Officers Liability

Tougher Accounts

There are many organizations which fall outside the traditional D&O underwriting approach within the public company D&O, private company D&O, and non-profit D&O segments. These tougher and unusual accounts require a different placement and underwriting approach than the mainstream accounts.

Accounts can be tougher to place due to claims activity or financial difficulties, or can be perceived as being more unusual due to operating characteristics. Some examples include:

Claim activity resulting from some prior activity or management
Company exiting bankruptcy
Public company in financial trouble; new management team with a workout plan
Company is anticipating a class action suit, but it has not been filed yet
Specialty financial services company
Non-profit organization with for-profit affiliated organization

Coverage is available in most cases from a set of markets that specialize in writing these tougher or unusual accounts, and Mercator Risk Services can work with you to provide your unusual client with D&O coverage.

Underwriters will want to thoroughly understand the tougher or unusual account. In addition to a complete application, we recommend that the submission include a clear and thorough description of the aspect of the account that is unusual or tough to write. With understanding, underwriters can construct a proposal that is beneficial to the account.

Mercator Risk Services excels at tougher accounts, including accounts that others have passed on.

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