We are a FTSE 100 company and currently have a limit of £35m under our Directors and Offices (“D&O”) – which one of our NED’s thinks is low. Could the Group let me know what their D&O limit is – and an indication of size (No of employees/turnover) and type of business please?
Does your D&O policy also include NED’s and if so does the limit apply to them or do they have a separate limit under the policy? Whilst our NED’s are covered within our policy they only have a £1m limit per NED and with a £5m aggregate.
FTSE small cap with £250m t/o and 1500 employees. Manufacture and sale of products worldwide. No differences with NEDs £10m cover but on a “per occurrence” basis (i.e. each separate claim made in the year can be for up to £10m)
FTSE small cap. £240m t/o 1200 employees. £25m in the aggregate. No distinction.
FTSE100 company, market cap c £45billion, with US listing.
Our limit is £300m, with no discrimination between EDs and NEDs.
Similar to FTSE Small Cap below; £600m turnover; 2,000 employees. We have £15m cover per claim and in the aggregate, with no discrimination between NEDs and Execs
Just for a different angle, we’re AIM listed with revenue of £8m and 200 employees and our cover is £5m in the aggregate and our policy includes NEDs and they have a special excess protection of £500k
We have £50m of cover on sales in excess of £700m and 5,000 employees worldwide. We have a modest number of ADRs and no distinction among the constituents.
We also provide indemnities for the directors.
FTSE Small Cap; £550m turnover; 2,500 employees. We have £25m cover per claim and in the aggregate, with no discrimination between NEDs and Execs
£250m revenue. 2,500 employees. No ADRs. £20m (moved from annual aggregate to any one claim basis this year). No distinction between exec and NXDs, If you use one of the larger insurance brokers they should collate data for all large clients/sectors on a no names basis and that should distinguish between companies with US exposure/listings and not.
We are in the Small Cap index, with a turnover of c£300m and c 2,000 employees. We maintain D&O cover of £30m, with no distinction made on the policy between Exec and Non-exec directors.
We are a FTSE250 with 6,000 employees. Our D&O cover has a limit of £50m which was increased from £30m two years ago. The policy does not discriminate.
We are a FTSe 100 company with 75k employees and turnover of @£11bn
Our D&O cover has a limit of £100m which was increased from £75m two years ago.
The policy does not discriminate between Exec and NEDs.