The AIG Building

CorporateGuard Investment Management Insurance

Overview: 

Financial protection against civil liability for investment advisory services, directors and officers liability insurance in respect of both the investment fund and investment manager; as well as crime cover against the dishonesty of employees and third parties.  

Who is it for?: 

Investment Management Companies, Investment Funds, Hedge Funds and Investment Trusts. Includes: Automatic cover for approved persons, outside entity directors, domestic partners, administrators, and executors / Automatic new fund and subsidiary cover, provided the fund or subsidiary in question meets pre-determined criteria  

  • Four insuring clauses cover
  • Civil liability and defence costs arising from investment advisory services
  • Civil liability, directors & officers cover and defence costs in the management or operation of an investment fund
  • Directors and Officers liability and defence costs
  • Crime - protecting the business and the funds from direct financial losses suffered as a result of employee infidelity or third party crimes
 
Extensions Available Back To Top

·         Automatic vicarious liability cover

·         Emergency costs of up to 10% of the limit of liability without the insurer's prior consent

·         Bilateral discovery period offered as standard if the policy is not renewed

·         Insured persons are entitled to up to GBP 200 per day to attend court as a witness in connection with a claim

·         Covers legal liability for stockbroker’s inability to complete a transaction due to fraud, loss of documentation, or being deceived as to the identity of a person

·         Kidnap response costs if an insured person is kidnapped, hijacked or wrongfully detained

·         Costs of verifying, reconstituting or removing computer programs which have given rise to a payment under the policy

Additional Features Back To Top
Additional value-added risk management services, including pre-loss regulatory and governance advice; including DLA loss avoidance and mitigation package.