PEVC Protector Policy
Chartis insures some of the largest Private Equity and Venture Capital (PEVC) organisations [in the United Kingdom and beyond. Our PEVC Protector policy meets the contemporary threats created by the changing economic and regulatory environment. The new, easy-to-understand wording provides managerial liability and entity protection for BVCA members (including general partners), individual funds and those on the boards of outside entities.
Product description/ feature, benefits etc. Any firm involved in private equity and venture capital becomes part of an extended business process, stretching from the creation of an investment idea through to the achievement of its full financial potential. The activities involved are often diverse and the interests of stakeholders can be complex. Chartis understands this and blends these diversified exposures together in one clear policy that covers both entities and individual directors and officers.
The Chartis PEVC Protector policy’s key coverage includes: n Management liability n Outside Directorship liability and Outside Directorship Run-off liability
n Civil liability.
The PEVC Protector policy also includes: n Full limits cover for investigation costs and a sub- limit for regulatory crisis events
n A sub-limit for necessary fees, costs and other expenses incurred because of self-reporting requirements
n Protection for venture capitalist non-executive and retired directors
n The advancement of defence costs n Cover that caters for severability of interests.
For a full description of benefits and limitations of this product, please refer to our web site and our policy terms and conditions.
About Chartis Insurance Europe Limited At Chartis we meet client needs with confidence because we’re driven by a long history of industry leadership and expertise.
Chartis is a world leading property-casualty and general insurance organisation serving more than 70 million clients in over 160 countries and jurisdictions. With a 90 year history, one of the insurance industry’s most extensive ranges of products and services, claims handling expertise and excellent financial strength, Chartis ensures its commercial and personal clients can address the risks that face them with confidence.
Superior claims experience and unmatched global presence:
n Worldwide teams handling claims through our local offices
n Compressed claims payment cycle via our ‘ProActive Claims Team’ process
n The majority of policies issued locally through our 78 offices worldwide.
Contact details For more information, including links to sample policy wordings, please visit the CorporateGuard – Private Equity and Venture Capital Protector pages at
www.chartisinsurance.com.
Ramesh Singh
VP, Regional Manager, UK Financial Institutions
ramesh.singh@
chartisinsurance.com
Risk and Insurance in Private Equity and M&A 2012/13
Insurance Providers 67
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