Protecting mutual funds and their directors
AIG’s Fund Protector policy provides managerial liability and entity protection. It provides broad cover for risks including allegations of mismanagement, errors and omissions in investment, breach of fiduciary duty and statutory liabilities.
The policy covers claims everywhere in the world except where international sanctions regimes apply. Insured persons and entities can enjoy an extended reporting period at no additional costs.
Product Details
Cover
- Directors & Officers Insurance, including board positions in external entities
- Professional Indemnity Insurance, covering the liability of the Fund as a legal entity
Standard Extensions:
- Extended to investigations and enquiries against directors & officers
- Cover also available to any special purpose vehicle and their directors set up for the exclusive use of the Fund
- Extended to liability for errors committed by subcontractors
- Free choice of counsel to defend against the claims in D&O
- Additional and separate insured amounts for the Independent Directors of the Fund
- Public relations expenses to mitigate damage to reputation caused by a claim
- Partners, Heirs, Estates & Representatives considered as insured under the policy
- Express extradition cover for directors and officers plus related expenses
Who is it for?
Mutual funds and their directors, including their general partners.
Main Exclusions & Important Information
This site only contains an overview of the most important coverages and exclusions. Only the general and specific conditions (“Insurance Policy”) provide an accurate, binding, description of the covers and exclusions. It is necessary to fully analyse the Insurance Policy, as well as all other relevant documents with contractual and pre-contractual information before any decision to buy, underwrite, adhere to, accept, sign or conclude an insurance agreement.
Important information
Here you will find information about how to request a quote with detail of premium calculation, the general and specific conditions, and/or other relevant documents with contractual or pre-contractual information, the duration of the insurance policy, the applicable law and jurisdiction, how to file a complaint or reach the ombudsman, etc.
