Investment Management Insurance provides coverage to professionals from financial institutions against wrongful professional acts of the fund managers, management liabilities, infidelity of employees and third-party crime.
Coverage for Financial Institutions’ Professional Indemnity (FIPI):
Investigations costs and defense costs.
Provides cover against awards of damages, costs or settlements.
Court attendance
Provides US$500 per day for each day on which the Insured person has been required to attend court as a witness.
Data protection and privacy liability
Covers for loss against breaches in data protection and privacy.
Loss of documents
Covers for loss on any document of any nature other than currency or other negotiable instruments.
Coverage for Directors and Officers (D&O):
Investigation
Covers for Investigation costs of the Insured arising from any hearing, examination, investigation or inquiry by any regulator, government body or agency, etc. into the affairs of the Insured.
Assets and Liberty
Covers for Bail Bond and Civil Bond premium, prosecution costs and Assets and Liberty Expenses.
Crisis containment
Covers for fees, costs and expenses handled by the Crisis management team to mitigate the impact of any crisis event.
Extradition costs
Covers for the extradition costs of the Insured.
Life-time run-off for retired Insured persons
Provides unlimited Discovery Period for any retired Insured Person.
Public relations expenses
Covers for Public Relation expenses of the Insured.
Crime protection:
Covers for Direct financial loss to the Insured from any act of infidelity or third-party crime.
Kidnap response (optional)
Covers for Kidnap Response Costs which includes reasonable fees and expenses incurred in response to any kidnapping, hijacking or wrongful detention anywhere other than Afghanistan, Central and South American countries, India (Kashmir), Iraq, Nigeria, Pakistan, Chechnya, Iran, Sudan, Cuba, Myanmar and Somalia.
Loss establishment costs (optional)
Covers for fees and expenses in relation to investigate, prove, and report a Direct Financial Loss.
Lost instrument bond (optional)
Covers the Insured for the amount it is required to pay to an issuer of a lost instrument bond.
Repair of computer programs (optional)
Covers for expenses or fees incurred for the verification, reconstitution or removal of electronic computer programs which have been fraudulent or maliciously prepared, modified or deleted which arises to a direct financial loss.
8 878-5506