Due to the nature of their organizational structure and operations, Private Equity, Venture Capital, Hedge Funds and other assets management firms face a unique set of risks that cross the traditional boundary between management and professional liability. In response to this situation, a select group of insurers have developed specialized insurance products that combine professional and management liability into a single, seamless policy. Furthermore, these policies can be customized to include coverages that are vital to Fund Managers, such as Employment Practices and Fiduciary Liability.
Policies are available to provide the following optional coverages:
- Management Liability
- Outside Directorship Liability
- Professional / Errors & Omissions
- Employment Practices Liability
- Fiduciary Liability
- Kidnap & Ransom
Owens Group has significant expertise in this area. We regularly work with Private Equity, Hedge and Asset Management firms to design insurance solutions that take into account each firm’s specific needs.