Private Edge Plus

Coverage offering investigative cost coverage for derivative demands, extended coverage for investigations of individual insureds, roadshow coverage and more.

Features & Benefits

  • Indemnification Uncertainty Eliminated - Early advancement of defence costs for individuals where the company fails to indemnify for any reason

  • Additional Side A Limit - Offers additional limits for executives when loss arising from a claim cannot be indemnified by the company

  • Investigations Involving Individuals - Early and broad coverage including informal “inquiries” and targeted investigations

  • Privacy Violation - Individuals and company covered for a violation of a person’s right of privacy in securities claims

  • Severability - Reassures individuals that their coverage cannot be jeopardized by the behaviour of others

  • Settlement Control - Gives insured the ability to effect a settlement which is within the retention without the insurer’s consent

  • Foreign Jurisdictions - Ensures the most favourable terms and conditions from local AIG policies are applied to claims in foreign jurisdictions

  • Specialized Claims Support - In-house D&O claims unit dedicated to managing claims brought against organizations and their management

  • Coverage for Pre-Approved Public Relations Firms - Available to manage communications surrounding a covered crisis event


  • Entity Coverage - Includes broad range of entities and types of claims:
    • Choice to automatically cover acquired subsidiaries, or apply a threshold (25% of consolidated assets)

    • Violations of Canadian environmental laws (provided an executive is a co-defendant)

    • Cost of investigating derivative demands and actions (no retention, $250,000 sublimit)

    • Costs of seeking dismissal of derivative suits (no sublimit)

    • Oppression Actions

    • IPO roadshow
  • Pollution Coverage - Broad cover for loss, other than clean-up costs for:
    • Non-indemnifiable claims against individuals

    • Securities claims arising out of pollution

    • Claims (including administrative or regulatory proceedings) against individuals and the company (provided an executive is a co-defendant) alleging violation of Canadian
  • Loss - Coverage much broader than defence costs and judgments or settlements, including:
    • Statutory liabilities- coverage not just for statutory taxes owing by Executives but for any unpaid non-indemnified statutory liabilities assessed against Executives in a “Statutory Claim”

    • Civil penalties assessed against individuals under foreign corrupt practices legislation

    • Costs incurred by individuals detained, imprisoned or extradited due to their business activities, even absent a claim

    • Crisis firm costs for Executive to mitigate personal reputational damage of negative press ($150,000 per executive/$500,000 aggregate sublimit)

    • Costs of Executives to oppose enforcement attempts to seize personal assets or property ($50,000 per executive/$250,000 aggregate sublimit)

    • E-Discovery- first $25,000 incurred in Securities Claim subject to no retention