UK-based insurance firm Beazley has launched a new suite of directors and officers (D&O) cover for non-US domiciled clients.

The offering ranges from a single policy that covers an organisation and its directors to multiple policies that address the specific needs of individual employees.

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The policies offer clients a maximum coverage of $25m.

The D&O suite consists of Side ABC, Beazley’s insurance that covers the personal liability of the insured person, the firm’s liabilities when it indemnifies the individual, and the company if faced with securities claims.

The suite also comprise of Side AB that is made for organisations that do not require securities-related cover, while Side A is meant for individual directors and officers in the event the company does not indemnify.

The Side A DIC (difference in conditions) suite is excess and drop-down cover that protects individuals when the employer does not indemnify.

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Beazley international management liability head Catherina MacCabe said: “The risks that organisations and their leaders face are changing all the time and they need insurance that responds accordingly.

“Those in senior positions want reassurance that there is cover in place that will provide protection in the event of a liability claim or regulatory investigation.

“Our D&O suite provides organisations and directors with a range of policy options with simple, clear wordings to ensure brokers and clients know their cover meets their specific D&O liability needs.”

Beazley stated that the policy responds either when limits on the underlying D&O cover are exhausted or when an underlying insurer refuses or fails to pay a claim within the correct timeframe.