Berkshire Hathaway Specialty Insurance has launched the newest addition to its Professional First suite of professional liability products: Asset Management Liability Insurance, which provides comprehensive professional liability, directors and officers liability, employment practices liability, and crime coverage for mutual funds, alternative funds and asset managers in Asia.
Asset managers can customize coverage and limits to suit their needs, and coverage can be tailored for investment structures and vehicles across all investment classes and geographic locations, according to a statement from BHSI.
Coverage for costs incurred to proactively mitigate claims is built into the policy. In addition, the policy automatically extends coverage to new funds and subsidiaries the insured creates or acquires during the policy period.
Source: Berkshire Hathaway Specialty Insurance