Partnerships
Partnership Liability insurance protects general partners of limited partnerships from lawsuits brought against them by limited partners, third-party creditors, government agencies and employees.
The policy provides coverage for wrongful acts that affect the limited partnership, such as mismanagement, negligence, waste of partnership assets, and violation of securities laws. Misleading statements or omissions to limited partners or third-party creditors are a major source of claims against general partners.
The policy provides entity coverage for any organization general partner and extends to the directors and officers of an organization general partner. Entity coverage for the partnership may also be covered.
Eligible Business Classes
No restrictions. Hull & Company, Inc. (RFO) handles private or public limited partnerships, including publicly traded master limited partnerships, that operate in various areas including:
- Real estate
- Energy and telecommunications industries
- Equipment leasing
- Medical services
- Venture capital
- Research & development
- Media and motion pictures and
- Business services
Coverages:
- Primary and Excess
- Limits up to $50 million for larger accounts
- Entity coverage for any organization general partner and the directors and officers of an organization general partner
- Entity coverage for the partnership
Applications:
Other Coverages:
All or most other coverages that comprise the RFO practice are appropriate. Contact a staff broker to discuss a particular account.
All insurance product and/or coverage descriptions are informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Coverage may not be available in all jurisdictions.