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A Prospectus Liability policy provides cover for public offerings including initial public offerings and debt or equity rights issues, and specifically responds to the risks associated with the offering faced not only by directors but also the company and any controlling or selling shareholders.
A D&O liability policy excludes cover for public offerings, or requires the offering company to pay an additional premium as a precondition to cover. If cover is extended under the D&O policy for transaction, often this will only be available to the individual directors and officers and not the company itself.
To find out more contact your local Underwriter.
