Diversified Directors & Officers
Private Equity Fund Policy Highlights

• Entity coverage for all claims, including liability arising from the Insureds having a controlling shareholder interest in a Portfolio Company.
• Coverage for Portfolio Company Outside Directorship Liability (with implied warranty wording) and Non-Profit Outside Position Liability
• Professional Services coverage provided to the Insured Organization And Insured Persons.
• Coverage for Claims Expenses relating to formal SEC Administrative proceedings. (Subject to a negotiable sublimit.)
• Coverage for punitive and multiple damages.
• Automatic run-off coverage provided for Portfolio Company Outside Directorship Liability.
• Contractual Liability Exclusion does not apply to Professional Services.
• Worldwide Wrongful Acts coverage extended to the Insured Organization and Insured Persons.
• Policy is non-cancelable by HFP except by reason of non-payment of premium.
• No exclusion for claims brought by a Portfolio Company against the Insured.
• Very narrow Insured v. Insured Exclusion, which allows coverage for: derivative actions; Claims for discrimination, harassment or wrongful termination of employment; and Claims for contribution and indemnity.
• Employment Practices Liability insurance with entity coverage can be provided via endorsement.
• Full severability as to all policy exclusions and the application.
• Bilateral discovery.
• Final adjudication requirement preserved in the dishonesty exclusion.
• Spousal Liability Coverage automatically granted.
• Mandatory advancement of Claims Expenses under all Insuring Agreements.
• Multi-year options available.
• Automatic coverage for newly created investment funds. (Subject to offering size threshold.)