Asset management firms face an unprecedented array of potential professional and management liability exposures, which can result in devastating lawsuits, regulatory proceedings, or written demands by dissatisfied clients. Defence and settlement costs can escalate to millions of dollars and result in immeasurable damage.
Asset Management Protector by Chubb
- Addresses a full range of asset management industry and organizational models, products and services.
- Customizable to each company’s individual business and insurance needs, and easily adapts to the firm’s organizational changes.
- A modular insurance solution consisting of a declarations page and a number of coverage parts for asset management firms that include the following: Professional Liability, Directors and Officers Liability, Employment Practices Liability and Fiduciary Liability. For Investment funds and private funds, there is professional liability and D&O coverage.