ABOUT THIS COVERAGE

Asset management is increasingly becoming more complex, with potential exposures that can have a devastating effect on your company’s bottom line. With this modular insurance policy comprised of six available coverages, Westchester offers coverage flexibility where it’s needed most.

Coverage:

Coverage features include:

  • Allegations by clients for breaches of investment guidelines
  • Prospectus liability lawsuits against mutual fund directors, advisers, and service providers
  • Formal regulatory investigations into alleged trading violations
  • Allegations of failure to disclose risks or conflicts of interest
  • Fee-based lawsuits
  • Lawsuits for failure to perform due diligence in the selection and oversight of sub-advisers or outside funds
  • Alleged performance misrepresentations
  • Alleged improper valuation of fund assets
  • Allegations by pension fund clients of ERISA violations
  • Employment practices liability and fiduciary liability exposures, including employee discrimination, sexual harassment, and breach of fiduciary duty in managing their employee benefit plans