Directors & Officers
The popularity in SPACs is skyrocketing – but so are the costs for coverage.
Protecting the personal assets of the board of a SPAC requires a deep understanding of the risks and liabilities faced by directors and officers of these companies as they raise capital, pursue a target, and ultimately complete their business combination. Given the current explosion in SPAC IPOs, the price of D&O insurance for SPACs has nearly doubled in recent months.
At PL Risk, our team of professionals has extensive experience writing and placing Directors and Officers (D&O) insurance for SPACs. There is a limited market for SPAC D&O placements, but we have developed a trusted solution that works alongside the current market to reduce upfront costs while securing the best premiums for your D&Os.
Having worked extensively with key underwriting groups, we have an established appetite for both primary and excess limits of liability including Side A Excess DIC.
We offer directors and officers insurance for privately and publicly held companies as well as non-profits and associations, educators, public officials, and financial institutions. Policies are tailored depending on the entity’s bylaws and organizational structure.