Directors and officers liability Insurance is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. Intentional illegal acts, however, are typically not covered under D&O policies.
A special purpose acquisition company (SPAC) is a publicly traded company that raises a blind pool capital through an initial public offering (IPO) for the purpose of acquiring an existing company. The money raised through the IPO of a SPAC is put into a trust where it is held until the SPAC identifies a merger or acquisition opportunity to pursue with the invested funds. Shares of a SPAC are typically sold in relatively inexpensive units that include one share of common stock and a warrant conveying the right to purchase additional shares or partial shares.
Coverage for all cannabis sectors
The cannabis industry is quickly becoming big business. Last year, U.S. consumer spending eclipsed $10 billion for the first time. Spending is projected to increase to $23 billion by 2022. Investment activity boomed last year, increasing to $13.8 billion in total value from $3.6 billion the year before. Our goal is to make sure that insurance products are available to all who need it. We cover you for general liability, product liability, and crop insurance.
Bio Pharma Industry
Biopharma refers to drugs manufactured from biological processes, any medical breakthroughs in biotechnology can be considered biopharma. Some cancer-fighting virotherapy could become biopharma products if released on a wider scale. Companies like the Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country’s leading innovative biopharmaceutical research companies, which are devoted to discovering and developing medicines that enable patients to live longer, healthier and more productive lives. We provide coverage for companies similar to PhRMA.
Is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. These coins are held in hot storage- (connected to the Internet) or cold storage-(offline). Living in a world that everything is conducted online, there is higher risk of hacking and fraud. If the worst happens and Coinbase loses customer funds, customers deserve certainty that they will be made whole. Coverage is available under two main classes. Specie policies focus on physical damage or loss of private keys, including misuse or theft in cold storage, which is storage that is offline. In addition, crime policies cover losses due to hacking, insider theft and fraudulent transfers, in addition to the physical damage or theft of private key data in cold storage. The demand for cryptocurrency insurance has increased even faster. We are here to cover you for all your crypto needs.