Do Startup Hedge Funds Need Cyber Insurance? You’re about to launch a fund or thinking about launching a hedge fund and are thinking about insurance. D&O / E&O are must-haves, of course. They protect the GPs from claims which may arise alleging certain wrongful acts in managing the fund. And many of your investors will … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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