Rising Edge has expanded its commercial D&O suite to offer cover tailored exclusively for non-executive directors.

NED Protect, provides ring-fenced, standalone Side A D&O coverage and policy limits for individual NEDs. Additional features of the product include coverage for multiple NED appointments, a legal hotline with law firm Clyde & Co, an extended reporting period for notifying claims, and a fast-track dispute resolution process.

Philippe Gouraud, CEO of Rising Edge, said: “Recent cases have shown that when things go wrong at board level, they can go terribly wrong for NEDs, who can find themselves in an isolated position when defending a claim, in which they are personally brought in. We felt NEDs deserved increased protection. Innovation is at the heart of what Rising Edge does. NED Protect responds to these specific needs.”

Yoel Brightman, managing director and head of underwriting at Rising Edge added: “Modern corporate governance standards means that NEDs are facing higher expectations and increased scrutiny from their roles on corporate boards. In the end, it is their personal liability that is engaged."

Rising Edge’s insurance offering is delivered through AM Best A- rated underwriting capacity, and through UK and European regulated insurance licenses.

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