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NEW PROPERTY & CASUALTY INSURANCE

PUBLICOFFERINGSECURITYINSURANCE
WhatisPOSI
POSI covers the company and its directors / officers against Prospectus claim arising from offering of a companyssecurities.POSIofferscompaniestheopportunitytoringfencethesignificantexposurespresented bysecuritiesofferings

NeedforPOSI
o o o o Increasedshareholderlitigationwhenthecompanymakesapublicofferingofitssecurities ResponsibilitiesincumbentontheDirectorsandOfficersofcompaniesforthepublicoffering Need for specialist insurance protection for the issuer of securities with suitable protection for the companyanditsdirectors/officers CriminalandcivilexposuresfortheaccuracyofthecontentofaprospectusaspertheCompaniesAct /SEBIRegulationsand/orotherapplicablelaws

WhoisCovered
o o o o o o IndividualDirectorsandOfficers Employees,Spouse Administrator/executor TheCompany/Issueranditssubsidiaries Covercanextendtounderwriterexposure Covercanextendtocontrollingshareholder/sellingshareholder

PotentialSourceofClaims
o o o o OverstatementofRevenues MisrepresentationinProfitForecasts MisrepresentationofRiskfactors FromobligationsundertheSecuritiesAct/otherequivalentcompulsoryrequirements

MajorExtensions
o o o o o MediamanagementfeesforForcemajeureevent Costs of public relations consultants to mitigate reputation injury in the event of postponement or cancellationonaccountofaforcemajeureevent Regulatorycrisisresponsecosts Foracriticalregulatoryeventthatmightsignificantlydelayorleadtocancellationoftheoffering Emergencycosts Investigationcosts

o Exclusions
o o o o o

Dishonestorfraudulentacts Priorclaimsorcircumstances Pollution USApublicsecurities UnderwriterProfessionalLiability

BenefitofPOSI
o o o o Customizablemultiyearpolicyperiod Advancementofdefensecosts Premiumcanpossiblybecapitalizedanddeductedfromissueproceedsandthusisnotabottomline deductionfromP&L Limitofliabilitycanbecustomizedasperrequirement

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NEWPROPERTYCASUALTY@GMAIL.COM KHRISTYHITESH@GMAIL.COM