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Protect yourself from costly lawsuits
Directors and Officers (D&O) is the essential protection solution for investors and startup founders.
Why D&O?
Any company or startup that has raised capital or has a board should be protecting management from lawsuits. These could result from actions or decisions of the management or board members.
Reduce risk
Personal assets are at risk if you are sued over a decision you made on the company's behalf. The typical cost of a lawsuit to a startup in Southeast Asia exceeds $200k.
Attract the best
Competition to attract the best leaders is fierce. With the protection of D&O, it enables leaders to take the risks necessary to grow the business without having to worry about unexpected lawsuits.
Protection solution that works for new startups
Policy coverage limits of S$500,000 and S$1,000,000
Key requirements to qualify
The company incorporation date is less than 24 months ago
Estimated revenue in the past or next 12 months is less than SGD or USD 1m
US revenues are less than 25% of overall revenue
The company is not under Monetary Authority Singapore (MAS) or similar country regulatory body
Has current headcount less than 50 peopl
No staff in the US
Protection solution that works for new startups
Policy coverage limits of S$500,000, S$1,000,000 and S$2,000,000
Key policy coverages
Who?
Insured Persons:
All directors, officers and management staff on an unnamed basis
Insured Entity:
Named entity and all current or new subsidiaries outside the US and Canada
What?
Management liability of an insured person
Public relation cost during a claim
(S$250,000)
Management liability of the insured entity
Employment practice liability (S$250,000)
Regulatory cost
(S$250,000)
Cost to challenge
freezing of assets,
disqualification and extradition (S$100,000)
Claim deductibles: S$5,000 for insured person claims and S$10,000 for insured entity claims. Each and every claim.
*A deductible is the amount you pay on a claim before your insurance kicks in
Where?
Jurisdiction & territory:
Worldwide excluding USA and Canada
Some policy exclusions will apply. Get in touch with our team to go through the full policy details.
Key requirements to qualify
The company incorporation date is less than 24 months ago
Current headcount of less than 30 people
Estimated revenue in the past or next 12 months is less than S$2m
No staff, operations or subsidiaries in the US or Canada
Estimated funds raised and total assets is less than S$15m
The company is not under Monetary Authority Singapore (MAS) or similar country regulatory body
Don’t meet these requirements? Don’t worry! Our team can help you out separately.
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