Side R Reputation Insurance For D&O’s

Reputation risk to leadership has never been greater. Today’s strategic risk managers provide Boards with the insights, tools, and protections they need for dutiful governance of mission-critical issues. With this broader and more actionable oversight into risk, Boards are better positioned to provide effective oversight and meet the value protection and compliance expectations of their shareholders. And with world-class parametric insurance, they are better protected personally for losses beyond protections offered by liability insurance.

Side R^TM reputation insurance is a trademarked brand from Steel City Re.

About Parametric Reputation Insurance

Parametric reputation insurance is a timely offering for directors seeking to mitigate the fear and costs of reputation risk, for themselves or their peers.

It’s been four decades since directors in the courts of law were materially personally exposed by their service. Now they are personally exposed in the courts of public opinion–not to negative PR, but to the going-forward costs of having their personal reputations tarnished. Parametric insurance can do for reputation risk what Sides A, B, and C did for liability risk.

Some risk managers mistakenly think of reputation risk as a secondary phenomenon, just as they once thought of its better-known cousin, liability risk. Cultural changes in the 1980s created a market for liability insurance and spurred new strategies for risk mitigation. Cultural changes are now driving reputation risk into the boardroom.

Reputation insurance is strategic “resilience insurance” for directors; at scale and with a captive insurer for an enterprise, it is corporate “resilience insurance.” It is also a proof point for parametric strategies beyond natural catastrophes for many 21st century risks that would benefit investors, carriers, brokers and insureds alike.