The SPAC Podcast

Determining D&O Insurance Needs with Real Market Data

Joshua Wilson

In this SPAC Podcast Spotlight, Chaz Churchwell, President of The Churchwell Agency, explains how he helps clients determine the right level of D&O insurance coverage. Rather than relying on vague estimates, Chaz emphasizes a data-driven approach, leveraging sources such as Stanford Law Review, Cornerstone Research, and peer analytics to assess litigation trends and coverage benchmarks.

He describes how factors like market cap, industry segment, and peer data can guide companies—especially those preparing for IPOs—in making informed decisions about coverage needs. By combining analytics with real-world risk exposure, Chaz helps companies prepare for potential settlement costs and legal defense obligations.

Disclaimer:
The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, or financial advice.

Connect with the Guest:
Chaz Churchwell – The Churchwell Agency
Website: https://www.churchwellagency.com/about-our-agency/meet-our-owner/team-member/chaz-churchwell/
LinkedIn: https://www.linkedin.com/in/chaz-churchwell-6073694/
View all of their episodes here:
https://www.thespacpodcast.com/guests/chaz-churchwell/

Connect with the Hosts & The SPAC Podcast:
Michael Blankenship LinkedIn: https://www.linkedin.com/in/mikeblankenship/
Joshua Wilson LinkedIn: https://www.linkedin.com/in/joshuabrucewilson/
YouTube Channel: https://www.youtube.com/@Thespacpodcast

#SPACs #CapitalMarkets #SPACPodcast #DOInsurance #RiskManagement #IPOReadiness #ChazChurchwell

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Disclaimer:

Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.

Listeners are encouraged to consult their own legal counsel, compliance professionals, or financial advisors to ensure adherence to applicable laws and regulations, including those enforced by the SEC, FINRA, and other regulatory bodies. This podcast does not constitute a solicitation, offer, or recommendation of any financial products, securities transactions, or legal services.


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👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/

👉 Joshua Bruce Wilson - https://www.linkedin.com/in/joshuabrucewilson/


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Mike: How do you help clients determine coverage limits?

Chaz: Numbers don’t lie, right? It’s all about data. So, I was in Beverly Hills just a few weeks ago at a conference, and one of my clients—who’s about to IPO—met me there. They told me, “Chaz, do you know why we picked you?” And I said, “Not really.” They explained that when they asked other firms how much coverage to buy, the answers were vague: “We’ll pull some data and let you know.”

But I was able to say immediately, “These are the numbers, these are the statistics.” I could show them where they stood based on their market cap and industry. I also had a colleague on the call who shared peer data about what similar companies were purchasing.

For example, Stanford Law Review publishes annual securities litigation trends, and Cornerstone Research organizes that data into clear reports. I drill into it, focusing on micro- and small-cap companies, and use those trends to show clients what coverage makes sense for them. If a client says, “This is our market cap, this is our raise,” I can explain how potential settlements and legal defense costs should be factored in. We then add peer data analytics so they can see what others in their sector are buying, ensuring they understand both the industry benchmarks and their specific risk exposure.