Professional Indemnity Insurance for Asset Managers

For asset managers, effective protection against the following is recommended:

• Inadequate or incorrect financial advice
• Insufficient due diligence for assets
• Errors in processes, execution and decisions in the entity as a whole
• Protection against unjustified claims
• Embezzlement by employees
• Criminal acts by third parties
• Bodily injury or property damage

• Legal protection in proceedings due to errors in advisory services and asset management
• Pays the cost of investigations
• Pays loss prevention costs (mitigation cost)
• Covers violations of the individual's rights to privacy and defamation of third parties
• Financial security if documents are lost

• Protects private assets belonging to management and members of the board of directors in the event of loss
• Insurance coverage for board of directors positions held at outside entities
• Insurance coverage against reputation injury
• Insurance coverage for preliminary investigations, extradition proceedings and payment of the cost of obtaining bail
• Extended reporting period for losses incurred after termination of the contract, in the event of bankruptcy, or by subsidiaries that were previously covered
• Coverage for departed directors and officers
• Pays legal defense costs

• Covers pecuniary losses resulting from criminal acts by employees
• Pays loss prevention costs (mitigation cost)
• Compensation of pecuniary losses due to computer crimes
• Pays the cost of criminal prosecution of perpetrators

• Statutory liability coverage for bodily injury and property damage
• Extension for business trips and for damage in buildings or on land where financial services are rendered
• Extension for damage to leased telecommunications equipment