Navigators Pro has enhanced its primary directors and officers liability policy for publicly traded corporations offering securities in the event of a securities class action lawsuit with the Offering InNAVation endorsement.
The Offering InNAVation endorsement protects directors and officers from covered loss alleging civil violations of Sections 11 and 12 of the Securities Act of 1933, in addition to the coverage already provided under the policy for alleged violations of the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, any similar state securities laws, and administrative actions brought by the Securities and Exchange Commission or comparable state regulatory agency.
The endorsement does not contain more restrictive coverage provisions than the policy would otherwise provide.
The Offering InNAVation endorsement is underwritten by Navigators Insurance Co. and Navigators Specialty Insurance Co., which are both rated “A” (Excellent) by A.M. Best.
Source: The Navigators Group, Inc.
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