Public Offering of Securities Insurance(POSI)
Protects against financial risks during public offerings and securities transactions.
Public Offering of Securities Insurance (POSI) provides protection for companies that issue securities or seek public capital. During a public offering, companies are required to issue a prospectus that outlines their financial information and objectives. However, with such offerings come risks, as misstatements or omissions within the prospectus can lead to personal liability for the signatories. POSI addresses these risks by providing coverage for legal costs and settlements if actions are brought due to misrepresentations in the offering documents.
Key Benefits
- Financial protection for defense and settlement costs
- Shields businesses from costly lawsuits related to securities offerings
- Ensures compliance with securities laws and regulations
- Customizable coverage to suit specific offerings and transactions
Health Cover Up
to ₹50 Lacs
What is Public Offering of Securities Insurance(POSI)?
Public Offering of Securities Insurance (POSI), or IPO Insurance, protects companies during securities issuance. It covers legal liabilities from misrepresentations in the prospectus, including defense costs, settlements, and financial losses resulting from investor claims.
Why do you need Public Offering of Securities Insurance(POSI)?
Legal Protection
Covers legal costs and settlements from misrepresentations.
Investor Trust
Builds trust by covering liabilities from securities offerings.
Financial Risk
Alleviates financial strain from lawsuits or claims on securities offerings.
Legal Compliance
Ensures adherence to securities laws, minimizing legal risks.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Public Offering of Securities Insurance(POSI) cover and exclude?
Plan Coverage
Securities Claims Protection
Covers claims arising from misrepresentations in the prospectus or listing documents.
Legal Defense Costs
Pays for legal expenses, settlements, and court-awarded damages.
Director and Officer Liability
Protects directors, officers, and employees involved in the offering process.
Company Indemnification
Covers the offering company when indemnifying directors and officers.
Punitive and Exemplary Damages
Provides coverage for punitive damages where legally allowed.
Regulatory Investigations
Covers costs associated with investigations by regulatory authorities.
Liabilities from Negotiations
Covers claims arising from discussions and decisions related to the offering.
Extended Reporting Period
Protection continues even after the offering is completed.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
Fraudulent Acts
Does not cover claims resulting from intentional fraud, dishonesty, or misconduct.
Breach of Contract
Excludes coverage for liabilities arising from contractual obligations.
Insured vs. Insured Claims
Does not cover claims between insured individuals or entities, affiliates, or subsidiaries.
Pre-Existing Conditions
Claims related to known issues before policy inception are excluded.
Regulatory Fines and Penalties
Does not cover fines or penalties imposed by regulatory bodies.
Criminal Acts
No coverage for illegal activities, criminal misconduct, fraud, or deception.
Market Fluctuations
Losses due to stock market declines or economic downturns are not covered.
Bodily Injury and Property Damage
Excludes claims related to physical injuries or damage to property.
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Public Offering of Securities Insurance(POSI) can be registered in the below circumstances:
- If a legal action is brought due to misstatements in the prospectus.
- When investors file a claim arising from unfulfilled expectations outlined in the offering documents.
- In the event of a securities offering dispute regarding financial disclosures or strategic information.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
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