About the Service
Public offerings of securities insurance (POSI) is a corporate risk management solution for securities offerings, including initial public offerings (IPOs) and secondary public offerings (SPOs).
Purpose of Cover
- Protection of the issuer and its directors and officers against claims brought by investors, regulators, and third parties in connection with securities offerings
Insured Events
- A claim arising from violations, errors, or losses associated with the preparation and execution of a securities offering
Scope of Indemnity
Includes, but is not limited to:- Legal defense costs
- Damages arising from wrongful acts
