Lauded when performing well but denounced when returns decline. There’s more than just your reputation at risk.
Why Choose AIG for Investment Managers Insurance?
Financial market volatility, declining returns, sales of unsuitable financial products and unreliable advice expose investment managers to frequent attacks in today’s litigious business environment. AIG’s Investment Management Insurance policy is tailored to respond to claims frequently encountered by investment managers, responsible entities, investment trusts or funds and their professionals, as well as directors and officers of these entities.
Professional liability insurance for investment advisors/managers and funds when providing investment advisory services. Crime cover provides protection to the investment manager and the funds for loss following theft by employees or any other person.
Cover for individuals
Professional Indemnity and Directors and Officer Liability/Company Reimbursement Insurance is included to protect both professional indemnity claims and management liability claims against investment advisors/managers and funds, including senior managers, directors and compliance committee members.
AIG Investment Managers Solutions
AIG’s Investment Management Insurance policy is tailored to respond to claims frequently encountered by investment managers, responsible entities, investment trusts or funds and their professionals, as well as directors and officers of these entities.
Key Features include:
Representation at investigations and examinations even in the absence of a specified Wrongful Act
Automatic cover for new funds and subsidiaries
Directors and officers who have board seats on outside entities can be covered
Insured persons and Company reimbursement cover for defence costs arising from OH&S and pollution claims, where insurable
Excess limit available for certain directors for unrelated claims after exhaustian of original limit
Court attendance costs when appearing as a witness to a claim
An 84-month discovery period for retired insured persons
Bail bond and civil bond expenses, prosecution costs
PR expenses for crisis containment
Loss includes pecuniary penalties, PR expenses in connection with extradition or mitigation of adverse effects on reputation following exoneration
Loss establishment costs to investigate, prove and report a direct financial loss under the policy.
The following industries are currently being targeted. However, other industries and occupations can still be considered upon further discussion.
