Private Equity & Venture Capital Insurance Platinum Commercial and General Insurance is able to arrange and place private equity and venture capital asset insurance.
Underwriters can offer a combined insurance product offering management liability, management indemnification, outside directorship and professional services liability insurance in one insurance policy. Insurance cover specifically tailored for private equity and venture capital managers can typically provide cover for some of the following insurance exposures that private equity and venture capital firms face as investors in both early stage and Expansion/Later Stage company investments: A Venture Capital Insurance policy is highly effective at addressing the needs of many types of private investment firms including: The following insurance coverages are automatically included with a Venture Capital Insurance policy: -
Management Liability -
Management Indemnification -
Professional Services Liability -
Outside Directorship Liability -
Unit Trust Indemnification What is protected? A Venture Capital Insurance policy is specifically designed to address those organisational structures used by the VC industry: -
Venture Capital Limited Liability Partnerships -
Venture Capital Management Partnerships -
Unit Trusts -
Trustee or Management Companies -
Limited Liability Companies Who is Protected? A Venture Capital Insurance policy typically offers automatic protection for the firm’s critical contributors, including past, present and future: A Venture Capital Insurance Policy Features Broad professional services liability including: -
The formation, capitalisation, operation and management of a private investment fund -
‘Lenders’ liability’ for those situations when permanent or temporary credit vehicles are more appropriate investments for a portfolio company -
Customary financial and strategic advice given to developing portfolio companies Broad outside directorship liability cover: -
Insurance for outside directorship positions on not-for-profit and private portfolio companies -
30 days insurance for outside directorships on private portfolio companies that list during the policy period -
Run-off coverage, until the end of the policy, for insured persons who resign from an outside board position Broad definition of Claim.
Worldwide cover.
Cover for newly created funds.
Advisory committee members covered.
Insureds have the right to choose their own legal counsel subject to Insurer’s approval. Defence costs provided in advance of the final disposition of a claim.
Severability of all exclusions for insured individuals.
No exclusions for suits brought by portfolio companies against the VC firm, its employees or management.
No exclusions for tortious interference, intellectual property or anti-trust or anti-competitive conduct.
Extended Reporting period is available.
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