Increased litigiousness in the business community. coupled with an exponential rise in claims frequency and severity. has created an unprecedented need for financial institutions to secure general partners liability insurance protection. Chubb offers comprehensive coverage for general partners in their day-to-day activities, overseeing limited partnerships and other investment and/or operating vehicles.
General Partnership Liability for Financial Institutions
- Provides protection of general partners in lawsuits alleging a breach of duty, neglect, error, omission, and/or misstatement or other wrongful acts
- Narrowed insured vs. insured exclusion provides additional coverage