Hedge funds
As the hedge fund market matures, gains mainstream appeal and becomes increasingly competitive, mitigating the associated risks is ever more challenging. The right insurance cover can help to safeguard your personal wealth, organisation and employees. Our unique tailored service makes it simple for you to obtain insurance to cover your financial exposures.
Did you know that your personal wealth could be at risk?
As a director or officer of a hedge fund you are subject to unlimited personal liability. They are liable for any act that is negligent, outside their authority, or in breach of duty or trust.
Can you afford not to buy professional indemnity insurance?
Hedge funds are not legally required to have professional indemnity insurance, but with regulated investors such as pension funds looking to invest, it is becoming a prerequisite for staying ahead of the game.
Key exposures
We have developed a range of insurance solutions specifically for hedge fund managers and hedge funds. A comprehensive bespoke insurance programme can be created to cover all entities and parties (i.e. the fund manager, adviser, along with all employees, directors and officers).
We can tailor a package to meet specific requirements, including:
- Combined directors' and officers' liability, professional indemnity and fidelity insurance for fund managers
- Stand-alone directors' and officers' liability insurance for funds and fund managers
- Stand-alone professional indemnity insurance for fund managers
- Office package policies
Directors' & officers' liability (D&O) insurance
A D&O insurance policy provides cover for the company and its directors, officers and employees, for claims arising from a wrongful act. The aim of the policy is to provide cover for the directors and officers of the fund, or for the fund manager.
D&O insurance is required for funds and fund managers and can cover personal legal liability. The policy either indemnifies the directors and officers, or reimburses the fund for any monies it has paid out on the directors and officers behalf.
Professional indemnity (PI) insurance
PI insurance (also referred to as errors and omissions insurance) protects an organisations reputation and assets against claims and potential legal liabilities arising from its professional performance. The legal costs and expenses incurred in an investigation and in the defence of claims are also protected.
Office package policies
A comprehensive general liability insurance package should be an integral part of your risk management solution and should cover the following: contents; loss of income; loss of money; employers' liability and public liability. We arrange office package policies, which cover all your statutory insurance requirements.