Limit of indemnity required
Copy of the prospectus/information memorandum
Full claims/circumstances disclosure
Vero Liability offers Initial Public Offering Insurance to businesses that issue a prospectus detailing an investment offering to the public.
Initial Public Offering Insurance responds to claims alleging a breach of securities law by the issuing entity (or entities) and past, present and future directors, senior executives or employees. The insurance covers liability to the claimant and the costs of defending the claim. Defence costs can be significant and are not always recovered in full from the claimant, whether or not the claim is justified.
Vero Liability products are available through insurance brokers and advisers. An insurance broker provides independent, professional and specialist advice to help make sure you have the right protection. If you don’t already have one, you can find a broker on the Insurance Brokers Association of New Zealand (IBANZ) website by clicking on the button below.