BHSI launches venture capital liability policy in Australia

BHSI  has launched its Professional First Venture Capital Liability policy in Australia.

The customizable policy provides professional liability coverage for venture capital firms and directors and officers coverage for claims arising from the management of a company or fund.

Additional features 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 coverage for errors in net asset value calculations. Optional coverage is available for entity investigations and individuals serving on the boards of portfolio companies.

“Australia’s venture capital sector continues to mature, and the risks facing fund managers are evolving along with it. We are pleased to bring this innovative solution to Australia to support VC managers as they navigate an increasingly complex risk landscape.” –  Andrew Boosey, Manager, Financial Institutions, Executive & Professional Lines, BHSI Australia.