• 20
  • Sep2019

Hedge Funds – What is D&O Insurance?

Hedge Funds – What is D&O Insurance?
D&O stands for Directors and Officers Liability Insurance.  We like to call D&O insurance, decision making insurance and personal net worth insurance. Here’s why – most D&O claims for privately held firms stem from allegations that decisions made by the firm’s directors, officers, managers, members, GPs, and employees have caused an adverse financial consequence to the third

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  • 17
  • Sep2019

Hedge Funds – What is E&O Insurance?

Hedge Funds – What is E&O Insurance?
Add Content BlockE&O stands for Errors & Omissions insurance.....which is also known as Professional Liability.  Hedge funds commonly purchase E&O protection as part of a combined D&O / E&O policy.  Because a hedge fund's exposure to loss can be very similar between the two policy types, it's advantageous to purchase this as a combined policy.  For

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  • 17
  • Sep2019

What is Cost of Corrections Coverage?

What is Cost of Corrections Coverage?
Cost of Corrections or COC Coverage reimburses a hedge fund manager for the cost to correct a situation (such as an error in trading for example) that if left uncorrected would result in monetary damages to a client or shareholders of the fund; and if left uncorrected would likely also result in claim to the Errors

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  • 16
  • Sep2019

Does Your Business Need Workers Comp in NY?

Does Your Business Need Workers Comp in NY?
Does your business need workers compensation insurance? This is a fairly simple question to answer. Just about every business with employees is required by law to have workers comp insurance in New York. There are exceptions to this rule: 1. If the business is owned by one individual who is the only employee of the company,

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  • 13
  • Sep2019

Insurance for Startup Hedge Funds

Insurance for Startup Hedge Funds
Insert ImageYou're Starting Up a Hedge Fund, What Insurance Coverages Do You Really Need?Before you open the doors to your new venture, there’s a couple of basic insurance coverages you’ll need to get started, which we’ll itemize below:You’ll need a business owners policy, or office package.  Sometimes these policies are called BOP policies (short for business

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  • 12
  • Sep2019

Hedge Fund D&O / E&O Insurance

Hedge Fund D&O / E&O Insurance
Why purchase a Hedge Fund D&O / E&O Insurance?As mentioned in other FAQ blog posts on Hedge Funds, Directors and Officers Liability policies and Errors and Omissions policies are very similar in their insuring agreements, structures and exclusions.  While the policy forms are similar, they are different. (Yes, the insurance business can seem like one big

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  • 15
  • Jul2019

Cyber Insurance for Hedge Funds

Cyber Insurance for Hedge Funds
Why Cyber Insurance for Hedge Funds is a Good Idea.Cyber insurance and cyber related losses are constantly in the news, but few hedge fund managers really understand what this form of insurance is really all about and why purchasing it is a good idea.  In this article we explore the coverage features of cyber insurance for

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  • 06
  • Dec2018

Holiday Party Liability: Keep Your Employees Off The Naughty List

Holiday Party Liability: Keep Your Employees Off The Naughty List
This is a guest post from our good friend Andrew Singer, Co-Managing Partner of Tannenbaum Helpern Syracuse & Hirschritt, LLP, a New York law firm.  Andrew leads the employment practice at the firm and recently released this article that is definitely "share-worthy" at this time of year! ‘Tis the season – that is, Holiday Party Season. 

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  • 03
  • Dec2018

Risk Transfer – A Primer

Risk Transfer – A Primer
Contractual Risk Transfer - A critical risk management strategy for businesses of all sizes. Risk Transfer, or Contractual Risk Transfer not too long ago was solely the domain of contractors and while the construction industry is the heaviest users of risk transfer, I’d like to show businesses of all types and sizes why they need to formalize

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  • 30
  • Nov2018

A Guide to D&O Insurance

A Guide to D&O Insurance
Directors & Officers Liability Insurance, commonly known as D&O can be confusing.  It's a very different type of policy than most business leaders are familiar with.  The policy itself is written on a "Claims-Made" policy form, which is a bit confusing, the insuring agreements are different than most other liability policies, and to make it even

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