Private Equity Investment Services and Executive Liability
A directors & officers liability policy to address private equity firms’ unique risks.
Private equity firms provide a vital, specialized service to the business world. This coverage is the perfect insurance solution for their needs.
Here’s why our coverage is the policy of choice:
- Automatic ODL double excess coverage for privately held portfolio companies
- Broad definition of insured person — including general partners
- Loss includes damages and defense expenses
- Broad definition of entity — including subsidiaries and private equity funds
- Can be written in conjunction with other financial products — including employment practices liability and fiduciary liability
Our target market includes private equity firms:
- With up to $3 billion in committed capital
- Investing in privately held portfolio companies
RLI EPG products feature:
- Available in excess coverage (Pure follow-form coverage sits over all coverages.)
- Automatic merger and acquisition and automatic run-off coverages
- Broad punitive damage and spousal liability coverages
- Zero retention for investigative costs coverage for favorably resolved claims
- A three-year discovery quote guaranteed
- Investigations are included in the definition of claim
- “Pay on behalf of” language
- Claim notice “as soon as practicable”
- Non-cancellability (except for non-payment of premium)
- Worldwide coverage
- Crime/KRE: Only to insureds who also purchase other EPG coverages — one or a combination of D&O, fiduciary and EPL.
RLI offers limits of up to $25 million on all our product lines. RLI is rated “A+” (Superior) by A.M. Best, “A+” by Standard & Poor’s, and has appeared in the Ward’s 50, a respected benchmark group of the insurance industry’s top performing companies, every year of the list’s existence.
