Darwin : D&O Liability Insurance for Private Companies

D&O Liability Insurance for
Privately Held Companies

Overview

Darwin is in its element underwriting directors and officers (D&O) liability insurance. We start with a clean base coverage form and a “back-to-basics” approach that allows for customization for policyholders. Our combined D&O/EPL policy for private companies—with assets or annual revenues greater than $100 million and more than 1,500 employees—is designed to strike an appropriate balance between simplicity and precision.

Darwin’s underwriters balance the need to assess the risks of each account individually with the demands of responding to coverage opportunities on a tight deadline. Our centralized underwriting model ensures a consistent yet flexible approach.

With the depth and breadth of underwriting experience across multiple niches, Darwin is committed to being a long-term, responsible market for specialty insurance coverage.

Preferred Segments

Mid-size private companies
Large private companies with public debt
Private companies in the following industries:
- Biotechnology
- Entertainment
- Financial Institutions (selective)
- Manufacturing
- Oil & Gas
- Pharmaceutical
- Retail
- Technology
- Transportation

Capacity

Darwin can provide primary or excess limits up to $10 million.

Coverage Features and Highlights

Broad entity coverage
No E&O exclusion (individually underwritten)
No antitrust exclusion (individually underwritten)
No professional services exclusion
Modified 80/20 hammer clause (Darwin will pay 80% of amounts in excess of settlement rejected by Insured)
90 days auto coverage for newly created/acquired subsidiaries with over 25% of company’s assets
Broad definition of Claim
Loss includes punitive or exemplary damages where insurable

Customization

Darwin can offer fiduciary liability coverage by endorsement
Darwin can tailor policy coverage features to fit unique risks and circumstances
Darwin can provide full continuity when replacing an expiring program

Submission Requirements

Darwin can quote from most competitors’ applications. However, for primary coverage a completed, signed Darwin application is required prior to issuing a policy.

Access to this product is available only to Darwin-approved producers. Approved producers may email account submissions to submissions@darwinpro.com, fax them to 860 284 1302, or mail them to the address below.

If you are not a Darwin-approved producer, click here for a list of approved referral wholesalers for this line of business.

Darwin Professional Underwriters, Inc.
9 Farm Springs Road, Farmington, CT 06032

V 860-284-1300 | F 860-284-1301 | E info@darwinpro.com