Looking For Alternatives: Aons D&O Hedge
One brokers plan to make the pricing of directors and officers liability insurance programs fairer to clients it believes are good risks is Chicago-based Aons D&O Hedge.
The concept of the hedge product is to review a corporations history and to get lower premiums for corporations that can demonstrate good risk history, said Steve Shappell, a director of Aon Financial Service Group in Denver.
“Dont lump us [corporate risks] all together,” said Mr. Shappell, articulating the main selling point of the plan. “It requires a little more underwriting, but we think this provision is brilliant.”
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