Private D&O Endorsement for ESG Exposures
Private D&O Endorsement for ESG Exposures
The focus on ESG (environmental, social, and corporate governance) has come to the forefront of corporate conscious in recent years. As the SEC and other governmental agencies continue to elevate ESG disclosures and responsibilities, it’s very easy for publicly traded and private companies to misstep and face potential legal damages or reputational harm, even when they have the best intentions.
Amwins has partnered with top rated carriers to develop an exclusive, first-of-its-kind Private D&O endorsement that provides coverage for ESG exposures.
Insurance coverage of all types is designed to help organizations deal with unexpected events. Whether an organization has an ESG plan or not, this endorsement will help companies respond to this new and evolving exposure.
Coverage Highlights
- Sublimit specifically for ESG exposures and crisis events
- Coverage for any expense related to crisis management and reputational harm mitigation
- Broad coverage and trigger definitions
- Complementary when binding a D&O policy from participating carrier
What ESG risks do companies face?
ESG-related litigation is an increasingly lucrative avenue for plaintiff's attorneys. Common risks include lawsuits from the following:
Environmental
- Indirect contribution to climate change, including allegations of failing to disclose or mitigate risks
- Making allegedly misleading environmental responsibility claims in order to bolster a company’s public image and share price, a practice called greenwashing
Social
- Failure to address diversity among officers and/or board members
- Sharing misleading statements of the companies’ commitment to diversity
- Making diversity claims that influenced shareholder investment decisions
- Claims of a discriminatory or sexist workplace culture by a company’s employees
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