Karen Cargill
Chief Client Officer, Management Liability and D&O Product Lead
For many companies, environmental, social, and governance issues (ESG), and in particular the risks posed by the climate crisis, are at the very top of their agenda. This focus on climate and environmental-related risks has been heightened by the UK government’s introduction of mandatory climate-related financial disclosures for the UK’s largest companies and limited liability partnerships.
Inaccuracies in these disclosures may leave such entities and their directors exposed to the risk of regulatory action by the Financial Conduct Authority or other regulatory bodies. While directors may turn to their directors and officers (D&O) insurance when faced with costly investigations, there has been a gap in coverage available for entities.
For qualifying Marsh clients our new and innovative Side D cover, provided by way of endorsement to our Delta D&O product, will address that gap in the context of investigation costs. Access to cover will be dependent upon an organisation’s ESG score and conditions may apply.
Our new Side D product is specifically designed to provide investigations costs coverage arising from a climate disclosure-related investigation.
Chief Client Officer, Management Liability and D&O Product Lead