Private Equity and Venture Capital Insurance

The unique characteristics of a private equity (PE) or venture capital (VC) firm are captured in this policy by tailoring the wording to reflect the fund structure and to address exposures faced by partners, directors and officers. From a firm at the early stage of raising funds to the later stage of an IPO or trade sale, the policy provides cover to reflect the life cycle of the firm. ACE’s policy offers insured persons increased protection when faced with potential scrutiny from investors, regulators and shareholders.

INSURING CLAUSES

There are four insuring clauses blended into the policy:

• Directors and Officers Liability
• Outside Directors Liability
• Professional Indemnity
• Crime

KEY FEATURES OF THE POLICY

• Policy is non-rescindable
• 90 Day automatic cover provided in respect of ALL new Subsidiaries and Funds
• Proportionate reinstatement of the Limit if there is a claim recovery
• Up to 84 months run-off cover for takeovers and mergers applies to all insuring clauses.