Prospectus liability insurance* (often referred to as IPO insurance) offers long term protection to the corporation and its directors against exposures arising from a listing or the issue of a product disclosure statement.
Policies can be effected for up to seven years from the date of lodgement of the offer document, and once the premium is paid, cannot be cancelled.
A central aspect of IPO insurance is continuous protection for the full period of insurance chosen, thus eliminating the potential difficulties associated with an annual renewal should a claim arise.
*These product descriptions are summaries only. Cover is subject to the terms and conditions of each policy.