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BHSI launches venture capital liability policy in Australia
The policy combines professional liability, directors and officers coverage, crime coverage, and lifetime run-off for retired directors and officers.
BHSI has launched its Professional First Venture Capital Liability policy in Australia, offering customizable coverage designed for venture capital firms and directors and officers. According to Coverager, the policy is built to address claims tied to managing a company or fund, and it can include reinstatement of Side A coverage, lifetime run-off coverage for retired directors and officers, crime coverage, automatic coverage for new funds, mitigation coverage, and protection for errors in net asset value calculations.
The offering can also be extended with optional coverage for entity investigations and for individuals serving on the boards of portfolio companies, Coverager reported. BHSI said the policy offering will focus on industries including infrastructure, construction, renewable energy and services, and it noted its US healthcare professional liability business and Switzerland property, business interruption, D&O, and multinational coverage operations.