Willis Towers Watson
An overview
Directors' all risk cover (DARCstar) is a groundbreaking approach to Directors & Officers liability insurance, designed to simplify and improve the protection available to directors and officers.

First launched in May 2011, DARCstar has quickly achieved "critical mass". One year on, a significant number of FTSE 100, FTSE 250 and large multinational companies have bought DARCstar policies. Exclusive to Willis Towers Watson, the policy is now supported by all major D&O insurance markets, making the transition to DARCstar an easy and straightforward proposition for clients.
The DARCstar concept
>> DARCstar is based on the premise that many D&O liability insurance policies are too lengthy and cumbersome. Just ten pages long, it confronts the paradox that more complex terms often do not deliver better cover.

The three planks on which the DARCstar concept rests are:
1. A single insuring clause covering directors regardless of whether
    loss is indemnifiable by the company
2. Focused and comprehensive cover for investigations and enquiries
3. A clear and transparent approach to claims conduct and control
DARCstar: not your convemntional D&O cover
The ability to adjust a DARCstar policy to a client's particular needs without extensive re-writing is a feature of which many clients have availed themselves.
DARCstar D&O
Liability insurance
Features Benefits
One insuring clause. Instead of the conventional twin insuring clause approach, with indemnification being the barrier between the two, there is a single insuring clause providing direct access for the directors to insurers.
D&O cover on an "all risks" basis. Rather than an insured perils/affirmative cover approach, the assumption is that the risk is covered unless excluded.
Waiver of right of subrogation by insurer against policyholder and subsidiary in all circumstances. A guarantee from the insurers that they will not seek recovery from the policyholder for indemnifiable loss.
Nil deductibles. No compulsory deductibles or retentions other than with respect to securities claims.
Clear triggers for investigation costs cover across a broad spectrum of external and internal investigations and enquiries. Legal costs protection tailored to the needs of directors and officers.
Simple and transparent claims handling provisions. Greater certainty for directors in the coverage and claims handling process.
A policy that is easy to understand. Clear, simple and concise terms.

Francis is an Executive Director in Willis Towers Watson' FINEX Global, where he specialises in insurance for Directors & Officers (D&O) of companies. He joined Willis Towers Watson in 2010 and has 25 years of experience as a leading litigation lawyer specialising in professional indemnity, financial institutions and directors and officers liability in the London insurance market.

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