Side A Directors & Officers Liability

The Side A Difference in Conditions (DIC) Directors and Officers Liability policy is specifically designed to insure directors and officers for their non-indemnified loss. The policy is underwritten through our alliance with Sompo International Insurance.

Independently underwritten by Sompo's US Commercial Management Liability team.

All claims are managed by Sompo, independent of AEGIS.

Utility, power, energy, or related energy companies are eligible policyholders.

Limit capacity is up to US $30 million on a primary or excess basis.

Limits are in addition to any existing AEGIS primary or excess D&O policy.

AEGIS is a reinsurer of the Side A DIC policy.

Members benefit because a portion of their Side A DIC premium is contributed to their AEGIS D&O surplus for the purpose of continuity credit calculations.

Policy is written on admitted paper in most states.

Coverage Features

Broad Difference in Conditions coverage applies if any of the insurers of the underlying policies fails, or wrongfully refuses to indemnify the directors and officers, or:

  • is financially unable to pay loss
  • rescinds coverage
  • does not cover the loss
  • is subject to the automatic stay under the bankruptcy code

Broad definition of claim.

Non-rescindable policy.

Non-cancellable policy except for non-payment of premium.

Policy exclusions are deleted if any underlying policy covers the loss.