Private Equity Fund Liability Insurance

AXIS Insurance has a dedicated team of highly experienced underwriters who specialize in customizing coverage for Private Equity Firms and their Portfolio Companies.

Our Financial Insurance Solutions unit offers Private Equity Fund Liability Insurance for:

  • Private Equity Firms
  • Venture Capital Firms
  • Buyout Funds
  • Mezzanine Funds
  • Real Estate Funds (excluding REITs)
  • Funds of Private Equity/Venture Capital Funds

AXIS Private Equity Fund Liability Insurance offers specialized protection in a single policy:

  • Management Liability Coverage
  • Professional Services Coverage
  • Employment Practices Liability Coverage
  • Outside Positions Liability Coverage
  • Fiduciary Liability Coverage available by endorsement

Policy Features

  • Broad definition of Claim, including civil and criminal proceedings, arbitration or mediation, regulatory investigations, subpoena, target letter (including Wells notice) and extradition requests
  • Broad definition of Insured Individuals, including independent contractors, consultants, entrepreneurs-in-residence, venture partners, operating partners, advisors or board observers
  • Automatic coverage for newly created or sponsored funds subject to a certain threshold
  • Outside Positions coverage with Advancement of Defense Costs and Run-Off coverage included
  • Drop down provision for Insured Individuals in Outside Positions when Portfolio Company or its Insurer refuses or fails to indemnify or pay covered Loss
  • No non-stacking of limits provision
  • Policy is non-rescindable for Side 'A' Liability claims
  • Definition of Professional Services includes due diligence, consulting, advisory or other related services, as well as controlling shareholder or shareholder representative capacity
  • Covers fees and expenses incurred by an Insured Individual to respond to formal or informal regulatory inquiries
  • Employment Practices Liability includes claims for Wrongful Third-Party Acts
  • Enhanced carve backs to Insured versus Insured exclusion
  • Conduct Exclusion with "final and non-appealable adjudication in the underlying action" language
  • Severability for Insured Individuals as it relates to Application and exclusions

    For a copy of the Policy, please contact us.

Files to download:

AXIS Private Equity Product Overview | AXIS Private Equity Application

Highlights

  • Extensive underwriting expertise
  • Superior claims service
  • Stand-alone Bond/Fidelity coverage for Private Equity and Venture Capital firms also available
  • Limits of liability up to $25 million
  • Primary and Excess coverage
  • Admitted and Non-Admitted policies
  • Coverage backed by the exceptional financial strength and solid claims-paying ability of the AXIS insurance companies, rated "A+" (Strong) by Standard & Poor's and "A" (Excellent) XV by A.M. Best

We also offer customized coverages for Portfolio Companies:

  • Directors & Officers Liability
  • Side 'A' Solution D&O Liability
  • Employment Practices Liability
  • Fiduciary Liability
  • Commercial Crime

For additional information, please speak with your insurance agent/broker, or contact us.