RF Ougheltree Insurance

Private equity and venture capital firms are dynamic organizations facing increased risks of serious litigation from a variety of sources.  Potential plaintiffs include, but are not limited to, fund investors, portfolio company management and/or shareholders, creditors, regulatory or governmental agencies, and employees.

Coverage is specifically designed to address the complex organizational structure of private equity and venture capital firms by blending Directors' and Officers' Liability, General Partners' Liability, Professional Liability, Outside Directorship Liability, and Employment Practices Liability into one comprehensive insurance policy.

A broad spectrum of coverage:

• General partners, parallel funds, co-investment funds, acquisition vehicles, blocker, feeder and other similar entities.
• Entity protection includes a firm’s liability as a controlling selling shareholder of a portfolio company.
• Advancement of loss provision protects fund professionals when the firm fails or refuses to advance or indemnify a covered loss.
• Outside directors’ liability coverage for firm managers, employees and other insured professionals serving on the boards of both public and private portfolio companies.
• Advisory board members, industry consultants, entrepreneurs in residence and other advisors acting on behalf of the firm.

Eligible Accounts:

No restrictions. Coverage is developed for risks that are experiencing a range of situations.

• Insurance Company cancellations or non renewals due to unfavorable claims experience.
• Organizations facing financial distress including reorganization
• Start ups
• Restructurings
• Other special situations

Coverage:

Negotiating the correct coverage for the desired level of protection can be involved and require various carriers and policy forms. 

As a D&O specialist, Hull & Company, Inc. (RFO) develops a variety of protection options for private equity/venture capital firms. We welcome you to contact a staff broker to discuss a particular risk.

• Admitted and non-admitted insurance companies
• Traditional Primary and Excess coverage
• Side A Excess Difference-In-Conditions coverage for preserving personal liability coverage when the company:
• fails or refuses to indemnify a director or officer.
• is sued along with the directors and officers, and the D&O policy limits are eroded or consumed by the policy's entity coverage.
• is financially unable to indemnify its directors and officers against claims made against them.
• is prevented by law (domestic or international) from indemnifying its directors and officers for the particular claim at issue.
• Limits vary by account and Assets Under Management (AUM)

Applications:

New Business Application

(includes Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Professional Liability)

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.