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Marsh Alpha Management Liability Protection

Trusted, cutting-edge Side A DIC protection for directors & officers when they need it most
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New for Alpha v7

Planet in the hands blue

Any one claim

Written on an any one claim basis as standard for commercial risks, three reinstatements for financial institutions 

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150 million of cover available

150 million GBP/USD/EUR/CAD/AUD limit available including automatic follow capacity of up to 40 million 

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Wind down cover

Cover for ongoing wind down activities included free of charge

Cutting Edge Protection for Directors and Officers

Alpha is a Side A Difference in Conditions (DIC) product for Directors and Officers.  It provides comprehensive ringfenced liability cover to respond where individuals are the subject of a claim or investigation and the company cannot or will not provide an indemnity.  Whilst generally placed as an excess product, Alpha will respond to infill gaps in cover within a Directors’ and Officers’ insurance programme wherever it is needed: whether on a primary or excess basis. 

Why Side A DIC?

Accountability of senior management is a key focus for regulators and investors and the landscape that boards must navigate today is increasingly uncertain and rapidly evolving. A robust Side A DIC insurance operates as a safety net to ensure that a director’s personal assets will not be put at risk, should they be required to defend a claim made against them personally. The cover cannot be eroded by corporate liabilities. As such it is an increasingly important element of a Directors’ and Officers’ insurance programme and a tool to attract and retain top talent at senior level.

Why Alpha?

Alpha was first developed by Marsh in 2010. It has endured through market cycles and is now tried and tested cover trusted by thousands of Marsh clients around the world to respond when D&O cover is needed most. Marsh continues to innovate and push the boundaries of the product which is now in its seventh iteration.

Alpha has several key benefits from both a placement and coverage perspective

Placing benefits:

150 million of cover available

150 million GBP/USD/EUR/CAD/AUD limit available including automatic follow capacity of up to 40 million 

Lloyd’s licensing

Benefits from Lloyd’s licensing giving greater protection for multinational corporations where non-Lloyd’s insurers may not be able to pay claims in the relevant jurisdiction

Lloyd’s claims scheme

Benefits from Lloyd’s claims scheme meaning regardless of the number of insurers supporting the Alpha layer, the two lead markets will agree claims payments on behalf of the full layer

Flexible

Can be placed as primary or excess A DIC providing flexibility within the programme

Coverage highlights:

  • Operates on an “any one claim” basis as standard for commercial risks. 
  • For financial institutions three reinstatements are provided as standard.
  • Continuity of cover - matches the breadth of cover from preceding Side A DIC policy
  • Only one narrow exclusion
  • Drop down for any reason – no prescribed list
  • Payment if underlying policy does not respond within 30 days
  • Full limits for underlying sub-limits
  • Unlimited discovery for retired directors regardless of reason for retirement
  • Free discovery period in the event of insolvency and cover for ongoing wind down activities included
  • Broad investigation cover including for internal and insolvency related investigations
  • Complimentary executive protection consultation services
  • Policyholder board access costs
  • Will match local law requirements

Who is this product for?

  • Public and private companies of all sizes, domiciled throughout the world (subject to licensing and sanctions).
  • Both commercial and financial institutions.
  • Exclusively for Marsh clients 

Contact us directly if you have any Alpha-related queries or would like to find out more about our management liability insurance solutions. 

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