• 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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  • 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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