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The road to a public offering of securities can be perilous. Institutions and retail investors must be presented with accurate and detailed information with which to judge the competitive and financial position of the company. Directors, Officers and other advisers face a difficult task in ensuring that all relevant information and material facts regarding the company are represented correctly. Investors experiencing a loss in the value of their securities can often look to any misleading or deceptive statements and allege that they relied upon it when investing in the company.
Traditionally, Directors’ and Officers’ Liability insurance policies have helped protect directors and officers from some of the exposures that accompany a securities offering. However, Initial Public Offering insurance can be tailored to cover the added risks of engaging in this type of capital raising.