Quoted Company

Our dedicated team of specialists can provide a wide range of covers for quoted companies on all markets, including AIM, AQSE and for Full LSE Listings.

Specialist guidance

At Clear, we are committed to the small, mid and large-cap markets and our expertise in this field has been recognised by the Quoted Companies Alliance (QCA), who recommend us to their members for essential covers when seeking market flotation.

We also work closely with specialist advisors, including solicitors, accountants, Nomads and industry bodies, to help them give their clients and members essential insurance advice.

Quoted Company Insurance services and covers

We assist professional advisors in key areas relating to Directors & Officers (D&O) Insurance and Prospectus Liability. Additionally, we can assist with:

Prospectus cover for Initial Public Offerings (IPOs) and further placements either standalone or part of the directors and officers policy

Worldwide Group Business Travel Insurance protecting all directors, employees and consultants

Employers' and Public Liability for both UK and overseas risks

Employment Practices Liability

Cover for the listed company’s property assets

Warranty and Indemnity Insurance to assist with mergers and acquisitions

Kidnap and Ransom Protection for directors and key staff

Crime cover

Cyber cover

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Want to know more?

Find more information from our knowledgeable professionals in these downloadable documents.

Public Company D&O Liability Insurance Brochure

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Market Overview June 2023

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Why Clear?

Industry-recognised for being people-first, our team of specialists supports start-ups, SMEs, corporates, multinationals and individuals.

Trade specialists

We offer broad and bespoke sector specialist insurance solutions for peace of mind.

Chartered status

In recognition of our commitment to maintaining the highest standards of knowledge, ethical practice and guidance.

Exceptional service

We're dedicated to providing exceptional customer service to respond proactively to the needs of our clients.

Don't just take our word for it

“Phoenix Copper was delighted to renew its D&O insurance through the Clear Group. As last year the service was prompt and efficient, and they took the trouble to properly understand our business before obtaining quotes. As a result, I believe we are paying a very competitive premium within the context of the mining sector as a whole. We look forward to working with them again next year.”

Richard Wilkins, Director

Phoenix Copper Ltd

‘We have just renewed our Directors’ and Officers’ Insurance with Clear. In what evidently is a difficult market, it has been a seamless process with first rate communication, plenty of notice and all in all, a flawless procedure.’

DPL Williams, CFO

Great Southern Copper Plc

“We have worked with Clear Insurance for over 10 years who act as the key insurance broker/advisor for our clients who include LSE and AIM listed companies. We have always found their advice and assistance to be of the highest standard. Recently they have been instrumental in assisting newly listed clients in acquiring D&O insurance in an increasingly challenging market without compromising in cost or coverage.”

James Mahoney, Partner

Westend Corporate LLP

“Clear provided us with excellent service during the renewal process for our D&O insurance. Any queries we had were answered promptly and precisely – they were with us every step of the way to ensure we had the correct product for our needs.”

Reabold Resources Plc

“Steve and the Clear Group team helped us renew our D&O insurance in a challenging insurance market for our industry. The whole process ran smoothly and I was very happy with the service provided. We will definitely be using Clear Group for our insurance needs going forwards”.

David Hill, Group Financial Controller

Contango Holdings Plc

“Clear have looked after our D&O insurance for several years. Despite the difficult markets they’ve done a great job on renewals, their service is excellent”

Dr Nigel Burton, Board adviser

Mobile Streams Plc

Frequently asked questions

What do I need to consider when buying Directors & Officers Insurance?

Any company buying Directors & Officers Insurance needs to examine whether a small premium saving each year is worth the risk of having cover that won’t respond when they need it most. We have worked with the Quoted Companies Alliance to prepare a useful briefing document outlining the main considerations, which you can download below.

What limit of indemnity should I buy?

You should carefully consider your exposure when selecting an indemnity limit and remember that the limit will include defence costs which are very often higher than the actual claim. Factors that need to be taken into account include market cap, amount raised in placings within the last six years, the volatility of the share price and shareholder structure.

Does a Directors & Officers policy cover secondary placings as well as the IPO?

Most ‘standard’ Directors & Officers for private policies will exclude both IPOs and share placements unless notified. Our usual guidance for new policies is that all existing placings be included within the policy with allowance for future placings up to a set threshold. The ‘free’ threshold for future placings would depend on the market cap of the company at the time of inception. Future raisings above the threshold can usually be covered subject to insurers review and an additional premium based on the amount raised. It is important to understand the limitations of cover in this area, so make sure you ask your broker to explain how your policy works.

Do directors and officers have to be named on the policy?

No, almost every policy will cover every retired, past, current and future director of the company (subject to the terms and conditions of the policy).

Are all subsidiary companies covered by Directors & Officers Insurance?

In most circumstances, yes. You should ensure any subsidiary company meets insurers' definition of ‘Subsidiary’, and this is usually greater than 50% ownership or control. Be wary of subsidiary companies in countries where you must have a local policy in place (and cannot rely on the parent policy), such as Switzerland, Brazil and India. If you are in any doubt, specifically raise the question with your insurance broker.

Is Directors & Officers cover provided on a worldwide basis?

In most cases, yes. But be sure to look out for specific exclusions (such as USA or North American Exclusions), which would remove cover in total for those countries. Again, in countries where you have subsidiaries you need to be careful to check whether local policies are required, such as India, Brazil and Switzerland.