Asset Manager Advantage Pro
Asset managers face more risk and greater complexities these days. And with evolving regulatory expectations and heightened scrutiny of both professional judgment and governance, the threat of risk continues to grow.
Asset Manager Advantage Pro is designed to help address these industry challenges to meet your asset manager clients' needs.
Key policy features
- Claims-made policy
- Primary or excess coverage
- Limits up to $10 million
- Shared or separate limits
- Pay on behalf, with ability to amend to duty to defend
- No hammer clause
- Advance defense expenses
- Ability to offer cost of corrections
- Worldwide coverage territory
- Automatic one-year extended reporting period
- Ability to offer up to a six-year optional run-off period
Additional features
- One fully customizable product for asset managers
- Seven cohesively designed coverage parts can stand alone or be combined for a total management and professional liability solution
- Cyber insurance is built into the policy form for seamless protection from key threats like social engineering and employee theft
- Library of endorsements to further customize coverage, including informal investigation, cost of correction, pre-claim coverage and dedicated private real estate endorsement
Coverage parts
Asset Manager Advantage Pro is structured as a cohesive set of seven coverage parts that can stand on their own or be combined into a comprehensive management and professional liability solution. Designed to work together, each part helps minimize gaps where risk, responsibility and oversight intersect.
- Directors & officers and entity liability
- Individual non-indemnified liability (side A)
- Individual indemnified liability (side B)
- Corporate entity liability (side C)
- Outside directorship liability
- Security holder derivative demand investigation
- Personal interview expense
- Supplemental limit of liability for independent directors
- Retiree coverage
- Public relations event expenses coverage
- Employment practices liability
- Employment practices liability
- Third-party liability
- Workplace violence expense coverage
- Privacy violation coverage
- Fiduciary liability coverage
- Fiduciary liability coverage
- Plan preliminary investigation or adverse benefit denial appeal
- Compliance resolution coverage
- Fiduciary expense coverage
- IRS section 4975 expense coverage
- Privacy violation coverage
- Investment adviser professional liability
- Investment adviser professional liability
- Mutual fund service provider liability
- Personal interview expense coverage
- Private fund management, entity and professional liability
- Private fund management, entity and professional liability
- Outside position liability
- Personal interview expense coverage
- Supplemental limit of liability for private fund independent directors
- Mutual fund liability
- Mutual fund management and entity liability
- Securities holder derivative demand investigation coverage
- Personal interview expense coverage
- Supplemental limit of liability for mutual fund independent directors
- Cyber insurance
Third-party coverage
- Cyber investigations
- Cyber media liability
- Privacy and security liability
First-party coverage
- Computer fraud
- Cyber business interruption and extra expense
- Cyber extortion
- Employee theft
- Payment card fines and penalties
- Security breach notification and remediation
- Social engineering
- Systems and data restoration
Investigative expenses
Product resources
Asset Manager Advantage Pro
Asset managers face more risk and greater complexities these days. And with evolving regulatory expectations and heightened scrutiny of both professional judgment and governance, the threat of risk continues to grow.
Asset Manager Advantage Pro is designed to help address these industry challenges to meet your asset manager clients' needs.
Key policy features
- Claims-made policy
- Primary or excess coverage
- Limits up to $10 million
- Shared or separate limits
- Pay on behalf, with ability to amend to duty to defend
- No hammer clause
- Advance defense expenses
- Ability to offer cost of corrections
- Worldwide coverage territory
- Automatic one-year extended reporting period
- Ability to offer up to a six-year optional run-off period
Additional features
- One fully customizable product for asset managers
- Seven cohesively designed coverage parts can stand alone or be combined for a total management and professional liability solution
- Cyber insurance is built into the policy form for seamless protection from key threats like social engineering and employee theft
- Library of endorsements to further customize coverage, including informal investigation, cost of correction, pre-claim coverage and dedicated private real estate endorsement
Coverage parts
Asset Manager Advantage Pro is structured as a cohesive set of seven coverage parts that can stand on their own or be combined into a comprehensive management and professional liability solution. Designed to work together, each part helps minimize gaps where risk, responsibility and oversight intersect.
- Directors & officers and entity liability
- Individual non-indemnified liability (side A)
- Individual indemnified liability (side B)
- Corporate entity liability (side C)
- Outside directorship liability
- Security holder derivative demand investigation
- Personal interview expense
- Supplemental limit of liability for independent directors
- Retiree coverage
- Public relations event expenses coverage
- Employment practices liability
- Employment practices liability
- Third-party liability
- Workplace violence expense coverage
- Privacy violation coverage
- Fiduciary liability coverage
- Fiduciary liability coverage
- Plan preliminary investigation or adverse benefit denial appeal
- Compliance resolution coverage
- Fiduciary expense coverage
- IRS section 4975 expense coverage
- Privacy violation coverage
- Investment adviser professional liability
- Investment adviser professional liability
- Mutual fund service provider liability
- Personal interview expense coverage
- Private fund management, entity and professional liability
- Private fund management, entity and professional liability
- Outside position liability
- Personal interview expense coverage
- Supplemental limit of liability for private fund independent directors
- Mutual fund liability
- Mutual fund management and entity liability
- Securities holder derivative demand investigation coverage
- Personal interview expense coverage
- Supplemental limit of liability for mutual fund independent directors
- Cyber insurance
Third-party coverage
- Cyber investigations
- Cyber media liability
- Privacy and security liability
First-party coverage
- Computer fraud
- Cyber business interruption and extra expense
- Cyber extortion
- Employee theft
- Payment card fines and penalties
- Security breach notification and remediation
- Social engineering
- Systems and data restoration
Investigative expenses
Product resources