Private Equity firms engage in activities from startup equity financing to the buy-out of a portfolio company to advising or serving on the board of directors. Such a wide range of responsibilities create unique personal and business exposures that could result in third party lawsuits for performing or failing to perform these functions. However, Chubb has an insurance solution for you.
Coverage Highlights
Coverage
Coverage extensions
- Portfolio company pre-acquisition defense costs resulting from lawsuits brought against the private equity firm as controlling shareholder of a portfolio company
- Crisis cost incurred by the private equity firm in hiring a public relations firm to mitigate potential reputation damages as a result of the termination of a key executive
- Defense costs incurred by a private equity firm executive resulting from his or her being interviewed by regulatory enforcement agencies
Key Professional Services Coverage
- Customary advice to help develop portfolio companies
- Extending or refusing to extend credit
- Portfolio company financings, buyouts, including disputes due to breaches
- Winding down/liquidating a portfolio company
Benefits
- Four types of coverage in one policy:
- Management Liability
- Outside Directorship Liability
- Professional Services Liability
- Employment Practices Liability
- In-depth understanding of private equity firms
- Ability to meet locally and develop customized solutions across the nation
- Reputation for providing best in class services
- Consistently ranked among the highest for financial stability
Get to Know Chubb’s Private Equity+®
As a pioneer in the development of comprehensive blended coverage for Private Equity+® Firms dating back to 1997, Chubb has a deep understanding of emerging private equity exposures and continuously strives to develop market-leading coverage enhancements to address these unique concerns.