Zurich North America introduced a new private equity fund liability insurance product.
The Private Equity Liability Insurance product provides protection for directors, officers and general partners of private equity funds with at least $100 million in committed capital or greater. It also protects the directors of the fund’s portfolio company.
By partnering with insureds, brokers and legal experts, Zurich North America identified coverage gaps in the private equity insurance marketplace and crafted an insurance solution to address the complex exposures inherent in private equity management. The policy offers general partners liability (GPL) for limited partnerships, outside directorship liability (ODL), directors and officers liability (D&O), errors and omissions liability (E&O) and employment practices liability (EPL) coverages.
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