Why you should get insurance quotations from PYV and how to apply

The investment fund industry is a fast-paced, dynamic environment. The recent financial downturn has served to emphasise just how volatile the sector can be as fund managers have witnessed extreme price fluctuations on virtually all trading lines.

Such volatility serves to drive home the importance of effective risk management. Mitigating your exposures in such an uncertain market environment is now a top priority for all professional fund managers, particularly as investors apply increasingly stringent criteria to their investment policies, while regulators seek to impose new regulatory requirements.

Our specialised investment fund team is able to offer an extensive range of insurance products and services for both traditional and alternative funds, including hedge funds, to bolster operational risk management frameworks. Working in tandem with each individual client, our expert practitioners will look to optimise your risk mitigation practices and help eliminate any gaps in your insurance coverage.

Please contact us for a quotation on the following services:

Products and Services

Professional Indemnity (PI) Insurance also known as Errors & Omissions (E&O) Insurance

• Covers the Management Company to include the business activities of its directors, partners and employees from claims made for failings in their services to clients
• Covers defence costs and damages
• Certain policies can include cover for trade error and operational risks

Directors' and Officers' (D&O) Insurance

• Covers the directors and partners from claims made against them in their capacity as a director of the company or fund; certain policies may include entity cover
• Covers defence costs and damages
• Certain policies can include cover for breach of duty, contract and warranty defamation, misleading statements etc

Employment Practices Liability Insurance

• Covers the Management Company from claims made arising from allegations by employees including wrongful dismissal, harassment, discrimination and breach of contract

Office Combined Package

• Offers a broad coverage on office content against theft, loss and breakdown
• Policy also includes employers liability and public liability

Insurance Policy Review

• We will review your current insurance policy to help you identify the extent of the coverage and possible areas of improvement should you request it

The above products and services will be subject to individual policy terms and conditions.

At PYV, we aim to work closely with key service providers of the fund industry by assisting them in understanding the processes involved for obtaining the appropriate insurance coverage for their clients. With over 35 years of experience, we work with a number of the world’s leading insurers in providing quality policy coverage based on your needs.