Fund Errors & Omissions | Directors & Officers (E&O D&O)
We tailor specialty plans for Hedge Funds, Private Equity Funds, Mutual Funds and other Investment Groups. Partner risk occurs both at the firm level and the portfolio company level. Many times our reviews uncover inconsistent policy terms between the various portfolio company D&O policies. When we tailor a distinct plan for you, we reduce inconsistent indemnification language, which in turn can reduce premiums and increase your protection.
Private Equity Portfolio Programs
At both the firm level and the portfolio company level your General Partnership liability can vary significantly. Our approach locates inconsistent indemnification language items that may result in gaps in protection and insurance coverage for principals of private equity and hedge funds. Aligning policy terms and conditions between the various portfolio company D&O policies results in maximum cost efficiencies and maximum executive protection against risks that may arise from business such as merger and acquisition activity.
Directors, Officers, & Corporate Liability
The best plan design will offer:
Better protection for your directors, officers and organizational assets
Lower your overall risk profile
Lower your overall costs
We utilize a symbiotic approach to corporate and individual liability that balances the use of D&O insurance, corporate governance best practices, and contractual indemnification benefits. Only when properly reviewed and structured can today’s publicly traded corporation feel confident they are properly protected against the plethora of management litigation and enterprise risks.
Employment Practices Liability
Employment Practices Liability Insurance (EPL) provides coverage for losses arising
out of alleged wrongful termination, discrimination, sexual harassment, and other
employment-
Implementing fair and proactive employee relations, along with equitable policies and procedures can help minimize employment related litigation exposure. By properly developing the “best practices” within your firm you will not only reduce the chances of litigation and overall cost of risk, but it may result in swings of over 40% in premium expenses from otherwise similar risk profiled companies.
Ocelot Group advisors combine deep product knowledge, key market relationships, and years of market experience. Our coordinated expertise and
To obtain the most cost-
Errors and Omissions -
Professional liability—liability arising out of rendering or failing to render services
of a professional nature—is generally excluded from corporate general liability policies.
Professional liability (PL) and Errors And Omissions (E&O) policies are designed
to protect licensed professionals such as physicians, surgeons, dentists, nurses,
opticians, optometrists, chiropractors, veterinarians, employed lawyers, insurance
agents & brokers, architects & engineers, accountants, directors & officers of corporations,
computer consultants, data processors, public officials, software developers, staffing
agencies, environmental consultants, real estate agents & brokers, real estate appraisers,
property managers, website design and hosting specialists, third-
In the event that client dissatisfaction results in allegations of negligence and a legal proceeding it is paramount your professional liability policy offer top tier defense expense advancement. Ocelot advisors and partners can craft a policy tailored specifically to your professional needs. Due to today’s culture with increased potential for legal action from disgruntled customers we advise putting in protections before you are required to do so by a contract.
Fiduciary Liability Insurance
Are you a plan fiduciary? If you are an owner, director, or officer who makes decisions about your company's 401(k) plan or other qualified employee benefit plan(s), odds are, your personal assets are at risk! Under the Employee Retirement Income Security Act of 1974 (ERISA) fiduciaries can be held personally liable for losses to a benefit plan incurred as a result of their alleged errors, omissions, or breach of their fiduciary duties.
Fiduciary Liability coverage is often overlooked (or confused) because of Employee Benefits Liability insurance, Employment Liability Insurance, and ERISA bonding (Fidelity Bonds, Surety Bonds) requirements. Employee Benefits Liability covers administrative errors such as not enrolling an individual in a health plan. ERISA bonds apply to fiduciaries illegally appropriating funds. Whereas, Fiduciary Liability covers claims that allege breach of discretionary duties; such as improper investment of plan assets.
Recent corporate scandals have made Fiduciary Liability Insurance more relevant and increasingly important in overall D&O, Executive, and Organization risk management strategy. In other words, in order to properly protect your executive team, it is essential to properly coordinate Fiduciary Liability coverage with Directors & Officers Liability insurance and Employee Benefit Liability insurance.
Errors and Omissions -
Traditional property, general liability and standard issue E&O policies create gaps
in coverage that are often managed by shuffling in third-
Once the exposures are properly identified we can help you tailor a cost-
In addition, first-
First and Third Party coverage for numerous classes of business is available nationwide
on either an admitted or non-
Crime insurance is designed to protect businesses, financial institutions, construction companies, non-
Representations, Warranties & Transactional Products
Representations & Warranties Insurance provides insurance for losses incurred as
a result of breaches or inaccuracy of the representations and warranties made in
a wide variety of business agreements. Business transactions always have a threat
of termination before completion. It is essential for companies to protect their
interests from risk and uncertainties through products that are tailored to address
contingencies or potential disagreements that may threaten or impede the completion
of business transaction such as mergers & acquisitions, asset purchases, leveraged
buy-
Transactional solutions can be tailored to deal with allocation of financial responsibilities, varying opinions in the magnitude of exposure, and disagreements as to the relative size of the exposure as compared to the transaction size.
Connect with Ocelot to learn more about the solutions that can help protect your Directors, Officers, Organization, Balance Sheet, and You Personally!