Prospectus Liability (Securities) Insurance
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Prospectus liability insurance is very much a specific cover, insuring both the company and its directors. The policy wording can be adapted for a particular company's requirement and negotiated with underwriters. The insurance is usually geared as a "one off" six year policy, the period considered to be when most claims are likely to occur.
Because of the nature and format of cover required for prospectus liability insurance, you will find this a fairly specialist market and will only be placed normally in the London markets with a few select underwriters.
Your legal advisor/solicitor should consider both the proposal being submitted and the draft policy wordings.