Everest Specialty Underwriters LLC (ESU) introduces its new primary investment management policy. This product addresses the professional liability exposure and D&O liability exposure facing a wide array of asset management firms, including investment advisors, wealth management firms, mutual funds, hedge funds, fund of funds, real estate investment trusts, private real estate funds and private equity partnerships.

The investment management professional and management liability policy includes a broad definition of investment services including a comprehensive definition of claims. Coverages include:

  • Investment advisor professional liability
  • Fund professional services and management liability (mutual fund and private fund coverage)
  • Investment advisor management liability

In addition, the following coverages may be added by endorsement or on a separate policy:

  • EPL
  • Fiduciary liability
  • Distributor coverage
  • Cost of corrections coverage
  • Financial institutions bonds (on a separate policy)