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DARCstar Singapore

Improve and simplify your protection: Directors and Officers Insurance Coverage

The new and improved Directors’ All Risk Cover (DARCstar) is here and it is continuously reviewed, revised and designed to simplify and improve the protection available to directors and officers. First launched in May 2011, the DARCstar policy is exclusive to Willis.

The DARCstar concept

DARCstar is based on the premise that many D&O liability insurance policies are too lengthy and cumbersome. The core wording is intentionally concise (12 pages), with endorsements added where applicable. It tackles the issue that more complex terms don’t always offer better protection.

The two principles on which the DARCstar concept rests are:

  1. A single insuring clause covering directors regardless of whether loss is indemnifiable by the company.
  2. Comprehensive cover for investigations and enquiries.

DARCstar D&O liability insurance

Features and benefits of DARCstar Singapore
Features Benefits
Simplified insuring clause Voluntary payments clause covers loss actually indemnified by the company rather than asking whether the loss is legally indemnifiable
D&O cover on an ‘all risks’ basis Rather than an insured perils/affirmative cover approach, the assumption is that the risk is covered unless excluded
Waiver of right of subrogation by insurer against policyholder and subsidiary in all circumstances A commitment from the insurers that they will not seek recovery from the policyholder for indemnifiable loss
Clear triggers for investigation costs cover across a broad spectrum of external and internal investigations Legal costs protection tailored to the needs of directors and officers. Many traditional insurance policies impose technical requirements which must be satisfied before cost can be covered while DARCstar removes many of these obstacles.
Simple and transparent claims handling provisions Greater certainty for directors in the coverage and claims handling process
A policy that is easy to understand Clear, simple and concise terms

Survey Report

Global Directors’ and Officers’ Survey Report 2024/2025

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