UNDERSTANDING INSURANCE OPTIONS For Early Stage Hedge Funds. Leading by Performance

Size: px
Start display at page:

Download "UNDERSTANDING INSURANCE OPTIONS For Early Stage Hedge Funds. Leading by Performance"

Transcription

1 UNDERSTANDING INSURANCE OPTIONS For Early Stage Hedge Funds Leading by Performance

2 JLT: Understanding insurance options for Early Stage Hedge Funds INSURANCE NEED NOT BE TIME CONSUMING NOR CONFUSING As Hedge Funds become an increasingly popular investment choice and increased regulation seems inevitable, Hedge Fund Managers need to have a comprehensive risk management strategy. Structuring, servicing and managing tailor made insurance products for the hedge fund investment space is one of our core areas of expertise. We re one of the very few brokers to provide inhouse insurance contracts specifically designed to respond to the liability issues faced by managers and directors of Hedge Funds and their funds themselves. But with so many insurance products available, which ones should you buy? We understand this is difficult to navigate, so this guide is designed to take you through the various types of insurance you and your hedge fund will need. THERE ARE THREE MAIN CATEGORIES OF INSURANCE THAT A EARLY STAGE MANAGER SHOULD CONSIDER 1. Financial Risks Insurance 2. General Insurance 3. Employee Benefits Insurance

3 FINANCIAL RISKS INSURANCE Type of Cover What is the risk? What is covered? Directors and Officers Liability Insurance Professional Indemnity Fund and General Partner Corporate Liability Insurance Employee Dishonesty and Third Party Computer Crime ERISA Fiduciary Liability and Dishonesty Bond Actions are brought against your directors and officers Claims are brought against the firm relating to the professional service to clients Fund corporate liability risks, fund regulatory risks Your business suffers financial loss as a result of crime such as embezzlement, theft, forgery Defence costs in the event that actions are brought against your directors, partners and/or officers and settlements if applicable Legal costs associated with the defence of allegations of wrongful acts (e.g. breach of trust, neglect, error or misleading statement) and settlements if applicable When do you need it? Year 1 Year 1/2 Mitigation costs Year 1/2 Financial losses to the business Year 2 Year 1* GENERAL INSURANCE Type of Cover What is the risk? What is covered? Contents, Tenant s Improvement and Decoration Computers/IT Public Liability Employment Practices Liability/Employers Liability Insurance Kidnap & Ransom Office contents are damaged or destroyed by insured perils (such as fire, theft, accidental damage, storm etc) Your computers, IT equipment or IT records are damaged or lost (by an Insured Peril) A claim is brought against you for loss to property or persons arising from business activities for which you are legally liable One of your employees brings a claim against the company after being injured at work (classic slip and trip insurance) this is required by law Risk of kidnap of employees and consequential losses to the business When do you need it? Office contents, tenant s Year 1 improvements and general kitting out of your office Replacement or reinstatement. Year 1 Extension to include computer breakdown, reinstatement of data and extra expenditure arising from loss Legal costs, expenses and damages Year 1 Legal costs, expenses and damages Year 1 Replacement and orderly restitution Year 2

4 JLT: Understanding insurance options for Early Stage Hedge Funds EMPLOYEE BENEFIT COVER Type of Cover What is the risk? What is covered? Keyman Insurance A member of staff who is key to the running of the business is incapacitated through death or serious illness Costs of sourcing a suitable replacement Group Life Insurance Employee dies whilst in service Proceeds to supporting employee s dependants Medical and Dental Group Travel Partners, Employees or their dependants require medical or dental treatment whilst in service Partners, Employees and their dependants require cover whilst traveling New and pre-existing conditions in UK and abroad Business travel with the UK and abroad (can be extended to include personal travel) When do you need it? Year 2 Year 2 Year 2 Year 2 What cover do you need? Why do you need it? What is covered? When do you need it?

5 INFORMATION REQUIRED FOR QUOTATION FINANCIAL RISKS INSURANCE Assets under management Fund prospectuses Manager due diligence questionnaire Structure chart Investor base Your current expected annual fee income (excluding performance fees) and estimated annual fee income for next year GENERAL INSURANCE Number of partners and employees Summary of assets to cover Property replacement values Business interruption cost assessment EMPLOYEE BENEFIT INSURANCE Name and Date and Birth of those to be insured Types of cover required Excesses to apply the different covers Medical history

6 JLT: Understanding insurance options for Early Stage Hedge Funds WHAT WILL IT COST A TYPICAL NEW HEDGE FUND? Cover type Limits Approx cost: Financial Risks Insurance $5m $15,000 $25,000* Employee Benefits Various 5,000 General Insurance Various 1,200 *PREMIUM ALLOCATION It is common for between 60-70% of the total premium to be allocated to the Fund for payment of Financial Risk Insurance, as the purchase of Professional Indemnity by the Investment Manager provides the Fund with an indemnity from negligent acts of the Investment Manager. ASSUMPTIONS Investment Manager: UK FCA regulated LLP AUM: $100m, non-leveraged, equity long/short Staff: Four employees, two partners Office: London based FACTORS AFFECTING PRICING AUM Investment strategy Investor profile Staff numbers Manager domicile

7 HOW MUCH COVER DO YOUR PEERS BUY? Limit Benchmarking for a Range of AUM Categories 12,000,000 Professional Indemnity 10,000,000 Directors & Officers 8,000,000 Limit Purchase (GBP) 6,000,000 4,000,000 2,000,000 0 Company A 50mn Company B 50mn Company C 75mn Company D 122mn Company E 135mn Company F 145mn Company G 165mn Company H 166mn Company I 189mn Company J 220mn Assets Under Management (AUM) (Less than 1 billion GBP) Company K 250mn Company L 310mn Company M 555mn Company N 700mn Company O 800mn

8 JLT: Understanding insurance options for Early Stage Hedge Funds OUR PEOPLE Hedge Funds present complex legal structures which are domiciled on and offshore taking advantage of tax efficient jurisdictions. Challenges posed by investors and the increasing regulatory demands, often from multiple regulators, have forced considerable change in the Hedge Funds sector. JLT Specialty is the pre-eminent insurance specialist advising Hedge Funds on the risks they face, and the opportunities available to mitigate and transfer these risks off balance sheet from a personal and corporate perspective. Our mantra is supporting and promoting the Hedge Fund sector closely, advising clients from start-ups through to multi-billion dollar marquee Hedge Funds to address the challenges they face on a daily basis. STEVE ELLIS Partner, Hedge Fund Practice Direct Dial: +44 (0) Steve has over 15 years' experience in the insurance industry. He moved to JLT in September 2015, previously at Howden Insurance Brokers Limited. Steve has spent 10 year of his career focused on Management Liability Insurance for Asset Managers. He has run a number of key client relationships and provided technical expertise for some of the major European asset/fund managers in that time. JAMES HOARE Partner, Hedge Fund Practice Direct Dial: +44 (0) James has over 13 years experience working within the London Insurance Market devising and delivering innovative insurance solutions to the Alternative Investment Sector. He moved to JLT in December 2015 from Howden Insurance Brokers Limited. James specialises in start-ups through to marquee multi-billion dollar Asset Managers.

9 JAMES MORRIS Claims Advocate Direct Dial: +44 (0) James is a leading claims advocate specialising in Financial Institutions and has extensive experience solving and managing complex claims. He will advise on strategy for negotiation with insurers, analyse potential outcomes and liaise with insurers to achieve the best outcome for you. PAUL TOWLER Head of Financial Institutions Direct Dial: +44 (0) Over the last 25 years Paul has built an outstanding reputation as one of London s most respected Financial Institution figures. He is the author of a number of policies used as industry standard and is also an Associate of the Chartered Insurance Institute. ROGER BROWN General Insurance Direct Dial: Roger holds strong relationships with our insurers allowing him to provide the best insurance solutions for his valued clients. He prides himself on personal customer service, carrying out both renewal and introductory meetings and attending insurer appraisals with surveyors representing clients interest at these risk assessment meetings. MARIA GOODWIN Employee Benefits Direct Dial: +44 (0) Maria has over 20 years experience within the financial services industry building and developing relationships with new and existing clients in order to ascertain where we can add value. She is adept at understanding the needs of a business and proposing solutions that enable clients to achieve their objectives.

10 JLT: Understanding insurance options for Early Stage Hedge Funds WHY JLT? 10,000+ people 1.15bn revenue 170m underlying profit before tax 1.8bn market capitalisation 6% revenue growth (2015) 115 offices in 40 territories Jardine Lloyd Thompson Group plc 2015 year end results

11 ABOUT JLT JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is quoted on the FTSE250 index of the London Stock exchange and is one of the world s largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT Specialty Limited provides insurance broking, risk management and claims consulting services to large and international companies. Our success comes from focusing on sectors where we know we can make the greatest difference using insight, intelligence and imagination to provide expert advice and robust often unique solutions. We build partner teams to work side-by-side with you, our network and the market to deliver responses which are carefully considered from all angles. Our Financial lines clients include many of the world s leading hedge funds, asset managers, stock exchanges, financial institutions, and fund managers. Our knowledge enables us to provide the technical advice these companies need and we use our experience and market relationships to develop new products and provide competitive solutions.

12 CONTACT Steve Ellis Partner, Hedge Fund Practice Direct Dial: +44 (0) James Hoare Partner, Hedge Fund Practice Direct Dial: +44 (0) JLT Specialty Limited The St Botolph Building, 138 Houndsditch, London EC3A 7AW Tel +44 (0) Fax +44 (0) Lloyd s Broker. Authorised and regulated by the Financial Conduct Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: The St Botolph Building, 138 Houndsditch, London EC3A 7AW. Registered in England No VAT No March

UNDERSTANDING INSURANCE OPTIONS For start-up Hedge Funds. Tailor made advice

UNDERSTANDING INSURANCE OPTIONS For start-up Hedge Funds. Tailor made advice UNDERSTANDING INSURANCE OPTIONS For start-up Hedge Funds Tailor made advice JLT: Understanding insurance options for start-up Hedge Funds INSURANCE DOESN T HAVE TO BE CONFUSING OR TIME CONSUMING As Hedge

More information

corporate travel insurance A buyer s guide Keeping your employees protected

corporate travel insurance A buyer s guide Keeping your employees protected corporate travel insurance A buyer s guide Keeping your employees protected A buyer s guide 3 corporate travel in these troubled times, it makes sense to purchase a corporate travel policy for your employees

More information

JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of

JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of Risk Specialists and Employee Benefits Consultants. Listed

More information

Risk Control Services RISK MANAGEMENT SERVICES

Risk Control Services RISK MANAGEMENT SERVICES Risk Control Services RISK MANAGEMENT SERVICES About JLT Canada Jardine Lloyd Thompson Canada Inc. (JLT Canada) is part of the Jardine Lloyd Thompson Group plc (JLT) one of the world s largest providers

More information

WINE STOCK THROUGHPUT POLICY Cover for wine exposures

WINE STOCK THROUGHPUT POLICY Cover for wine exposures WINE STOCK THROUGHPUT POLICY Cover for wine exposures WINE STOCK THROUGHPUT POLICY AT JLT, WE BELIEVE IN DOING THINGS DIFFERENTLY. Why? Because in the world of insurance broking, risk management, claims

More information

CYBER LIABILITY RISKS SEMINAR Programme overview. THURSDAY 1 OCTOBER 2015 8.30am 1.00pm Green Park Conference Centre, Reading

CYBER LIABILITY RISKS SEMINAR Programme overview. THURSDAY 1 OCTOBER 2015 8.30am 1.00pm Green Park Conference Centre, Reading CYBER LIABILITY RISKS SEMINAR Programme overview THURSDAY 1 OCTOBER 2015 8.30am 1.00pm Green Park Conference Centre, Reading JLT Specialty (JLT) would like to invite you to a highly informative technical

More information

energy JLT Specialty Limited Demand Different

energy JLT Specialty Limited Demand Different energy JLT Specialty Limited Demand Different JLT Specialty Limited Putting clients first JLT Specialty s Energy Division is recognised as a leading energy broker worldwide. In 2012, JLT Group placed more

More information

Introduction to. Kidnap+ Ransom. Insurance

Introduction to. Kidnap+ Ransom. Insurance Introduction to Kidnap+ Ransom Insurance Introduction Today s world has seen a number of factors combining to shape an ever-changing investment environment - especially in emerging markets. This backdrop

More information

A WORLD OF DIFFERENCE. JLT International Network

A WORLD OF DIFFERENCE. JLT International Network A WORLD OF DIFFERENCE JLT International Network JLT International Network A WORLD OF DIFFERENCE The JLT International Network is a client first global insurance broking network, that puts independent advice

More information

Renaissance. Members Asset Protection Insurance

Renaissance. Members Asset Protection Insurance Renaissance Members Asset Protection Insurance Renaissance - Members Asset Protection Insurance Introducing a new way of protecting Limited Liability Partnerships - Renaissance Renaissance is the first

More information

INVESTMENT MANAGEMENT. Investment Management Services

INVESTMENT MANAGEMENT. Investment Management Services INVESTMENT MANAGEMENT Investment Management Services World class team JLT Investment Solutions employs over 60 people. Our entire focus is on investing our clients money. We are based in Exeter, Bournemouth,

More information

M&A insurance applications and opportunities

M&A insurance applications and opportunities realestate RealEstate REAL ESTATE TECHNICAL AND LEGAL BULLETIN NOVEMBER 2013 M&A insurance applications and opportunities In the past, insurance has been used to solve a problem on a deal often as a last

More information

Professional Indemnity Division. An Introduction

Professional Indemnity Division. An Introduction 01 Professional Indemnity Division An Introduction 02 Professional Indemnity Division The Howden way We believe in building relationships based on trust and respect. We work with businesses that take their

More information

JOINT VENTURES INSURANCE CONSIDERATIONS

JOINT VENTURES INSURANCE CONSIDERATIONS JOINT VENTURES INSURANCE CONSIDERATIONS Key insurance issues for contractors and service providers Risks during formation and operation of a joint venture INTRODUCTION It is an old cliché that team work

More information

Insurance implications for Cyber Threats

Insurance implications for Cyber Threats Lillehammer Energy Claims Conference Lillehammer March 7, 2014 Insurance implications for Cyber Threats How enterprises need to prepare for the inevitable JLT is one of the world s largest providers of

More information

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES Howden Insurance Brokers Limited is an official scheme provider of Professional Indemnity for BIBA members Please complete this

More information

The Hedge Fund & Investment Advisor s Guide to. D&O / E&O Insurance

The Hedge Fund & Investment Advisor s Guide to. D&O / E&O Insurance The Hedge Fund & Investment Advisor s Guide to D&O / E&O Insurance Financial services companies require a special expertise in insurance product design and placement. Hedge Funds & Investment Advisors

More information

Jardine Lloyd Thompson Group plc Interim Management Statement

Jardine Lloyd Thompson Group plc Interim Management Statement To: Business Editor 4th November 2014 For immediate release Jardine Lloyd Thompson Group plc Interim Management Statement The following announcement was issued today by the Company s 42%-owned associate,

More information

BANKING & FI USE CREDIT & PRI (RE)INSURANCE. Harry Doyne-Ditmas MEA REGIONAL MANAGER: CREDIT, POLITICAL & SECURITIES RISK

BANKING & FI USE CREDIT & PRI (RE)INSURANCE. Harry Doyne-Ditmas MEA REGIONAL MANAGER: CREDIT, POLITICAL & SECURITIES RISK BANKING & FI USE CREDIT & PRI (RE)INSURANCE Harry Doyne-Ditmas MEA REGIONAL MANAGER: CREDIT, POLITICAL & SECURITIES RISK HOW BANKS & FI S USE CREDIT & PRI (RE)INSURANCE 1 STRUCTURED CREDIT & PRI (RE)INSURANCE

More information

2 Construction insight Thrive in growth economies: Part 2: Professional indemnity

2 Construction insight Thrive in growth economies: Part 2: Professional indemnity 1 2 Construction insight Thrive in growth economies: Part 2: Professional indemnity Construction Insight Thrive in growth economies Introduction This three part Construction insight series has been produced

More information

creating choice through specialist insight 1 Creating Choice Through Specialist Insight

creating choice through specialist insight 1 Creating Choice Through Specialist Insight choice creating through specialist insight 1 Creating Choice Through Specialist Insight JLT Specialty Limited (JLT Specialty) is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd

More information

fastforward your business Comparative SME Business Insurance www.ipua.co.uk

fastforward your business Comparative SME Business Insurance www.ipua.co.uk fastforward your business Comparative SME Business Insurance www.ipua.co.uk Open an Agency with iprism: Gain immediate access to ALL the insurers below Instant online comparative quotations by completing

More information

Contingent Business Interruption Insurance Insights

Contingent Business Interruption Insurance Insights MAJOR CLAIMS SPECIALISTS Contingent Business Interruption Contingent Business Interruption 1 The severe floods in Thailand in 2011 had a devastating impact on the country, leaving over 800 people dead

More information

ORCHESTRALGUARD LIABILITY CLAIM GUIDANCE NOTES

ORCHESTRALGUARD LIABILITY CLAIM GUIDANCE NOTES insuring the UK s orchestral musicians ORCHESTRALGUARD LIABILITY CLAIM GUIDANCE NOTES In the unfortunate event of a claim, we will do everything possible to deal with your claim promptly. In respect of

More information

Pro-Tect Asset Protection

Pro-Tect Asset Protection Pro-Tect Asset Protection Protection for Partner s Dependants against Catastrophic Negligence Claims Developed exclusively for Solicitors by ACE European Markets & Professions PRO-TECT - PROTECTION FOR

More information

Our specialist insurance services for Professionals risks

Our specialist insurance services for Professionals risks Our specialist insurance services for Professionals risks Price Forbes & Partners is an independent Lloyd s broker based in the heart of London s insurance sector. We trade with all of the major international

More information

Winery insurance. Protection from the vine to the bottle

Winery insurance. Protection from the vine to the bottle Winery insurance Protection from the vine to the bottle Aon Broker of the Year 2005, 2006, 2007 Winery insurance Just as wine making requires experience, innovation and knowledge to produce memorable wines

More information

TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES

TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES TECHNICAL & ENGINEERING INSURANCE ACE TECHNICAL LINES Companies today are looking for an insurer who can cater for their whole range of technical or engineering insurance requirements, from machinery breakdown,

More information

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES

PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES - 1 - P a g e CONTENTS 1. ADVICE ON COMPLETING THE PROPOSAL FORM 2. PROPOSAL FORM 3. BINDING AUTHORITY QUESTIONNAIRE 4. OTHER

More information

WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK

WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK REDUCING THE COST OF RISK As a retailer, you work hard to build and protect your business and the ability to deliver on your brand promises is key to the

More information

Actuarial services that enhance performance. Insurance PRECISE. PROVEN. PERFORMANCE.

Actuarial services that enhance performance. Insurance PRECISE. PROVEN. PERFORMANCE. Actuarial services that enhance performance Insurance PRECISE. PROVEN. PERFORMANCE. Today s challenges, tomorrow s opportunities In today s ever changing insurance market, companies face more stringent

More information

PROFESSIONAL INDEMNITY DIVISION AN INTRODUCTION

PROFESSIONAL INDEMNITY DIVISION AN INTRODUCTION PROFESSIONAL INDEMNITY DIVISION AN INTRODUCTION OUR KNOWLEDGE: YOUR ADVANTAGE 02 PROFESSIONAL INDEMNITY DIVISION Howden provide us with excellent practical support and we truly value the service they offer

More information

LIABILITY CLAIM GUIDANCE NOTES

LIABILITY CLAIM GUIDANCE NOTES insuring the UK s triathletes LIABILITY CLAIM GUIDANCE NOTES In the unfortunate event of a claim, we will do everything possible to deal with your claim promptly. In respect of claims made against you

More information

LIABILITY CLAIM GUIDANCE NOTES

LIABILITY CLAIM GUIDANCE NOTES LIABILITY CLAIM GUIDANCE NOTES In the unfortunate event of a claim, we will do everything possible to deal with your claim promptly. In respect of claims made against you by any third party, for damage

More information

Directors & Officers

Directors & Officers Directors & Officers Overview As a leading insurer of Directors & Officers, we work closely with our broker panel and have the in-depth knowledge to provide creative solutions which meet the specific needs

More information

JLT Mining. Utilising our expert knowledge of the mining industry and through understanding your individual business, JLT Mining can deliver:

JLT Mining. Utilising our expert knowledge of the mining industry and through understanding your individual business, JLT Mining can deliver: Mining Jardine Lloyd Thompson is one of the world s largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT s client proposition is built

More information

INSURANCE SOLUTIONS SPECIALTY CONSTRUCTION

INSURANCE SOLUTIONS SPECIALTY CONSTRUCTION CONSTRUCTION INSURANCE SOLUTIONS There are many traditional insurance solutions available, offered on either an annual basis or project specific basis that cover select parties or provide cover for all

More information

Medical Malpractice Scheme Exclusive to members

Medical Malpractice Scheme Exclusive to members British Insurance Brokers Association Medical Malpractice Scheme Exclusive to members BIBA Medical Malpractice Scheme The BIBA Medical Malpractice scheme has been designed in partnership with BIBA to

More information

leisure industry PraCTiCe GrouP

leisure industry PraCTiCe GrouP leisure industry PraCTiCe GrouP PerCePTual risk MaPPinG GloBal MarKeTs international Willis will provide you with valuable solutions and execute these in a timely process wherever your business or your

More information

LETTER TO BROKERS. Today we are launching Reputation Risk Solutions Limited:

LETTER TO BROKERS. Today we are launching Reputation Risk Solutions Limited: LETTER TO BROKERS Today we are launching Reputation Risk Solutions Limited: We are a new and unique independent specialist Reputation Risk Insurance Intermediary. We believe Reputation Risk Insurance is

More information

Question 1: Details of parties to be insured CONSTRUCTION. 1.1 Please enter the name and address of the Main Proposer:

Question 1: Details of parties to be insured CONSTRUCTION. 1.1 Please enter the name and address of the Main Proposer: CONSTRUCTION Professional indemnity insurance Short form project questionnaire Note: This questionnaire is designed to enable Initial Non-Binding Indications to be given for Professional Indemnity insurance

More information

EEA Life Settlements Fund

EEA Life Settlements Fund EEA Life Settlements Fund An Absolute Return, Historically Uncorrelated Investment Solution This document is being directed only at persons who are professional clients or eligible counterparties for the

More information

Professional Indemnity Select

Professional Indemnity Select Allianz Insurance plc Professional Indemnity Select Insurance Brokers Proposal Form Insurance Professional Brokers Indemnity Professional Policy Overview Indemnity Select Insurance Brokers Professional

More information

Exceptional protection for Holiday Parks and privately owned Holiday Homes

Exceptional protection for Holiday Parks and privately owned Holiday Homes Exceptional protection for Holiday Parks and privately owned Holiday Homes Understanding the holiday park industry Holiday parks present different risks and challenges to the insurance market to those

More information

The Financial Insurance Guide for Investment Advisors

The Financial Insurance Guide for Investment Advisors ESTABLISHED 1957 The Financial Insurance Guide for Investment Advisors Asset management firms require a special expertise in insurance product design and placement. Investment Advisors need to be concerned

More information

CLAIMSadvisor. Employers & Public Liability Claims Jackson Reforms update. Background. Key changes post 1 April 2013

CLAIMSadvisor. Employers & Public Liability Claims Jackson Reforms update. Background. Key changes post 1 April 2013 CLAIMSadvisor RISK PRACTICE JULY 2013 Employers & Public Liability Claims Jackson Reforms update We recently provided an overview of the Jackson Reforms and the key changes in relation to Employers Liability

More information

An introduction to insurance cover for businesses

An introduction to insurance cover for businesses An introduction to insurance cover for businesses All businesses need to be insured against potential risks such as contractual disputes, accidental damage, fire, flood or theft and claims for negligence.

More information

PROFESSIONAL INDEMNITY INSURANCE BROKING AND ADVISORY SERVICES FOR SURVEYING FIRMS

PROFESSIONAL INDEMNITY INSURANCE BROKING AND ADVISORY SERVICES FOR SURVEYING FIRMS PROFESSIONAL INDEMNITY INSURANCE BROKING AND ADVISORY SERVICES FOR SURVEYING FIRMS CONTENTS Professional Indemnity (PI) insurance market update Efficient insurance buying Why choose Howden for PI? Howden

More information

Security Consultants. Professional Indemnity. Proposal Form

Security Consultants. Professional Indemnity. Proposal Form Thompson Heath & Bond Limited 107 Leadenhall Street London EC3A 4AF Tel: +44 (0) 20 7469 0100 Fax: +44 (0) 20 7621 0661 www.thbgroup.com Lloyd s Broker Security Consultants Professional Indemnity Proposal

More information

Who we are and how to contact us

Who we are and how to contact us welove agents.co. uk Who we are and how to contact us WeLoveAgents The Boardwalk, Cambridge Research Park, Cambridge CB25 9PD Phone: 01223 792297 Fax: 01223 792273 Email: info@weloveagents.co.uk The Financial

More information

JLT Mining. The Canadian economy is, in part, driven by a robust and sophisticated Mining Industry.

JLT Mining. The Canadian economy is, in part, driven by a robust and sophisticated Mining Industry. Mining Jardine Lloyd Thompson (JLT) is an international group of Risk Specialists and Employee Benefits Consultants and one of the largest companies of its type in the world. We offer a distinctive choice

More information

Insurance for Museums

Insurance for Museums Insurance for Museums by for Museums in Somerset AGM Insurance is all about managing risks within an organisation and financially protecting against unwelcome outcomes. Managing Risk One way of managing

More information

CREDIT, POLITICAL & SECURITY RISKS ANALYTICS & CONSULTANCY. Protecting business and securing opportunity

CREDIT, POLITICAL & SECURITY RISKS ANALYTICS & CONSULTANCY. Protecting business and securing opportunity CREDIT, POLITICAL & SECURITY RISKS ANALYTICS & CONSULTANCY Protecting business and securing opportunity CREDIT, POLITICAL & SECURITY RISKS CONSULTANCY Protecting business and securing opportunity INTRODUCTION

More information

(09) 827-7266 (09) 827-7269 PO

(09) 827-7266 (09) 827-7269 PO Web www.barley.co.nz Phone (09) 827-7266 Email insure@barley.co.nz Fax (09) 827-7269 PO Box 1412, Shortland Street, Auckland 1140 Mobile 027-289-3162 5a Willerton Avenue, New Lynn, Auckland 0600 11/6/10

More information

Care Providers Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management

Care Providers Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management Care Providers Protecting your organisation, supporting its success Risk Management Insurance Employee Benefits Investment Management Care providers are there to help those in need. But who helps the care

More information

THE NATIONAL ASSOCIATION OF DECORATIVE & FINE ARTS SOCIETIES

THE NATIONAL ASSOCIATION OF DECORATIVE & FINE ARTS SOCIETIES THE NATIONAL ASSOCIATION OF DECORATIVE & FINE ARTS SOCIETIES NADFAS HOUSE, 8 Guildford Street, London WC1N 1DA Tel: 020 7430 0730 Fax: 020 7242 0686 E-mail: enquiries@nadfas.org.uk Registered Charity No.

More information

Robinson Buckley Insurance Brokers Limited

Robinson Buckley Insurance Brokers Limited Robinson Buckley Insurance Brokers Limited BUSINESS INSURANCE GUIDE Advice on what you need to protect your business Robinson Buckley Insurance Brokers Limited Standard House, Weyside Park, Catteshall

More information

QBE Trade Credit Trade Credit Insurance proposal form

QBE Trade Credit Trade Credit Insurance proposal form QBE Trade Credit Trade Credit Insurance proposal form QBE European Operations Please read the following information carefully This document sets out the important information that you, or your insurance

More information

Prime International CONTACTS

Prime International CONTACTS Prime International CONTACTS Who we are We are specialist wholesale insurance brokers and risk management advisers. Whether you are a local intermediary, retail or reinsurance broker, consultant, adviser

More information

THE C/EO PERSPECTIVE: WHAT YOU DON T KNOW WILL HURT YOU

THE C/EO PERSPECTIVE: WHAT YOU DON T KNOW WILL HURT YOU THE C/EO PERSPECTIVE: WHAT YOU DON T KNOW WILL HURT YOU Cyber Liability in the Boardroom What you don t know will hurt you. ABOUT JLT SPECIALTY JLT Specialty Insurance Services is the U.S. platform of

More information

MotorServ. Policy Summary. coveainsurance.co.uk. Registration and Regulatory Information

MotorServ. Policy Summary. coveainsurance.co.uk. Registration and Regulatory Information MotorServ Policy Summary The Covéa Insurance MotorServ product is designed to meet the requirements of tradespeople who, often working from home, provide services to the motoring public. It provides insurance

More information

Resource 2.7 Introduction to Insurance Cover for Business What insurance is compulsory for businesses? Employers' liability insurance

Resource 2.7 Introduction to Insurance Cover for Business What insurance is compulsory for businesses? Employers' liability insurance Page 1 of 5 Introduction to Insurance Cover for Business All businesses need to be insured against risks, such as the theft of equipment or workrelated injury to staff. If you run a small business you

More information

Tax solutions for financial services firms

Tax solutions for financial services firms Draft Version 1 15/09/2015 Tax solutions for financial services firms PRECISE. PROVEN. PERFORMANCE. Tax solutions for financial services firms The Financial Services tax team at Moore Stephens provides

More information

Exceptional protection for property owners

Exceptional protection for property owners Exceptional protection for property owners Property Owners Insurance As a property investor, you are faced with a variety of risks with regard to protecting the property you own, your tenants and your

More information

Q1 QUARTERLY GUIDE PENSIONS ACCOUNTING

Q1 QUARTERLY GUIDE PENSIONS ACCOUNTING Q1 QUARTERLY GUIDE PENSIONS ACCOUNTING As at 31 March 2015 Guidance for Finance Directors In association with 1 QUARTERLY GUIDE TO IAS 19 ASSUMPTIONS REPORT MARCH 2015 QUARTERLY GUIDE TO PENSIONS ACCOUNTING

More information

Specialist Miscellaneous Professions (Legal Liability) Professional Liability Insurance Summary

Specialist Miscellaneous Professions (Legal Liability) Professional Liability Insurance Summary Specialist Miscellaneous Professions (Legal Liability) Professional Liability Insurance Summary Specialist Miscellaneous Professions Underwritten by a member of the QBE Insurance Group (QBE) This insurance

More information

PROPERTY AND CASUALTY COMPREHENSIVE COMBINED INSURANCE FOR HOTELS

PROPERTY AND CASUALTY COMPREHENSIVE COMBINED INSURANCE FOR HOTELS PROPERTY AND CASUALTY COMPREHENSIVE COMBINED INSURANCE FOR HOTELS With currency fluctuations, economic recession, pressure on room rates and occupancy levels, hoteliers face one of the most challenging

More information

Professional Indemnity Insurance for Insurance Brokers

Professional Indemnity Insurance for Insurance Brokers Professional Indemnity Insurance for Insurance Brokers Proposal Form Please complete, sign and return together with the attachments to: Affinity A division of Lockton Companies LLP The St Botolph Building

More information

Motor Trade Road Risks

Motor Trade Road Risks Motor Trade Road Risks Policy Summary The Motor Trade Road Risks Insurance policy is for full or part-time motor traders, working from commercial premises or from home, who require road risk cover for

More information

Honan Insurance Group Company Profile

Honan Insurance Group Company Profile Honan Insurance Group Company Profile $200M+ PREMIUM REVENUE 150+ EMPLOYEES 100+ COUNTRIES WHAT YOU NEED TO KNOW ABOUT HONAN The Honan Insurance Group is an Australian owned and operated insurance broking

More information

INDEX Background Mission Statement Our Service Types of Business Written Terms of Business John Barley

INDEX Background Mission Statement Our Service Types of Business Written Terms of Business John Barley INDEX Background Mission Statement Our Service Types of Business Written Terms of Business John Barley BACKGROUND We have supplier relationships with major insurance companies in New Zealand and the ability

More information

C.I.P.D Information Pack. Presented by Frank Glennon Ltd. Charlemont House Charlemont Place Dublin 2

C.I.P.D Information Pack. Presented by Frank Glennon Ltd. Charlemont House Charlemont Place Dublin 2 C.I.P.D Information Pack Presented by Frank Glennon Ltd. Charlemont House Charlemont Place Dublin 2 1 Information Pack for Proposed Professional Indemnity Insurance for C.I.P.D. members arranged by Frank

More information

Modern insurance solutions protect innovative technologies RENEWABLE ENERGY

Modern insurance solutions protect innovative technologies RENEWABLE ENERGY Modern insurance solutions protect innovative technologies RENEWABLE ENERGY Your projects secure the future we ensure they happen Focus on the renewable energy sector has never been higher. Due to the

More information

Chartered Accountants Australia & New Zealand Professional Indemnity and Management Liability Proposal Form

Chartered Accountants Australia & New Zealand Professional Indemnity and Management Liability Proposal Form Chartered Accountants Australia & New Zealand Professional Indemnity and Management Liability Proposal Form SECTION 1: Professional Indemnity 1. Insured Details 1.1 Is at least one principal, director

More information

BRITISH CYCLING BIKE INSURANCE DAMAGE CLAIM GUIDANCE NOTES

BRITISH CYCLING BIKE INSURANCE DAMAGE CLAIM GUIDANCE NOTES BRITISH CYCLING BIKE INSURANCE DAMAGE CLAIM GUIDANCE NOTES Please note that in order to process your claim with optimum efficiency we will require receipt of the necessary documentation as outlined in

More information

Insurance Specialists to the building and allied trades

Insurance Specialists to the building and allied trades www.tradedirectinsurance.co.uk Insurance Specialists to the building and allied trades Welcome Welcome to Trade Direct Insurance, we hope that you find our brochure informative and that our range of policies

More information

FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY

FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY Fund Protect Key Benefits Premium Market appraisal

More information

INSURANCE AND RISK ADVISORY SERVICES FOR LAW FIRMS

INSURANCE AND RISK ADVISORY SERVICES FOR LAW FIRMS Jay Brodsky 212.297.1440 jbrodsky@dewittstern.com 2013 DeWitt Stern Group, Inc OVERVIEW DeWitt Stern provides full service insurance advisory and brokerage services to lawyers and law firms nationwide.

More information

AFFORDABLE INSURANCE FOR COMMUNITY GROUPS

AFFORDABLE INSURANCE FOR COMMUNITY GROUPS AFFORDABLE INSURANCE FOR COMMUNITY GROUPS Making IT AFFORDABLE We ve designed an insurance facility that is tailored to meet the needs of Community Groups throughout New Zealand. About us JLT New Zealand

More information

Secure liability solutions. Syndicate 2525 Bespoke liability insurance, for complex and high risk businesses EL PL. insurance

Secure liability solutions. Syndicate 2525 Bespoke liability insurance, for complex and high risk businesses EL PL. insurance Secure liability solutions Syndicate 2525 Bespoke liability insurance, for complex and high risk businesses & EL PL insurance What we cover 2525 Classes of Business Underwritten: Employer s Liability (including

More information

The Team you can Trust for insurance and Wealth Management. Turn the pages by clicking the navigation buttons in each corner

The Team you can Trust for insurance and Wealth Management. Turn the pages by clicking the navigation buttons in each corner The Team you can Trust for insurance and Wealth Management Turn the pages by clicking the navigation buttons in each corner Left to right David Ellis - Director Paul Gibbs - Director Leading from the front

More information

Q3 QUARTERLY GUIDE PENSIONS ACCOUNTING

Q3 QUARTERLY GUIDE PENSIONS ACCOUNTING Q3 QUARTERLY GUIDE PENSIONS ACCOUNTING As at 30 September 2016 Guidance for Finance Directors 1 QUARTERLY GUIDE TO IAS 19 ASSUMPTIONS REPORT SEPTEMBER 2016 QUARTERLY GUIDE TO PENSIONS ACCOUNTING AS AT

More information

FINAL NOTICE. JLT Specialty Limited. Firm Reference Number: 310428. St. Botolph Building 138 Houndsditch London EC3A 7AW. Date: 19 December 2013

FINAL NOTICE. JLT Specialty Limited. Firm Reference Number: 310428. St. Botolph Building 138 Houndsditch London EC3A 7AW. Date: 19 December 2013 FINAL NOTICE To: JLT Specialty Limited Firm Reference Number: 310428 Address: St. Botolph Building 138 Houndsditch London EC3A 7AW Date: 19 December 2013 1. ACTION 1.1 For the reasons given in this notice,

More information

Relationships. Understanding. Certainty. Your Best Insurance Policy

Relationships. Understanding. Certainty. Your Best Insurance Policy Relationships. Understanding. Certainty. Your Best Safeguarding our clients businesses as if they re our own. We believe that strong relationships allow for a deeper understanding of our Clients businesses

More information

Comprehensive Coverage for Not-for-Profit Organizations

Comprehensive Coverage for Not-for-Profit Organizations CHUBB SPECIALTY INSURANCE Comprehensive Coverage for Not-for-Profit Organizations Including Directors and Officers Liability (D&O), Employment Practices (EPL), and Fiduciary Liability (FL) Insurance Solutions

More information

Why choose Zurich for Directors and Officers liability insurance cover? Reassurance you re in safe hands

Why choose Zurich for Directors and Officers liability insurance cover? Reassurance you re in safe hands Why choose Zurich for Directors and Officers liability insurance cover? Reassurance you re in safe hands It s risky at the top The directors and officers in your company are in a position of responsibility.

More information

A specialist investment manager for US clients

A specialist investment manager for US clients For US clients A specialist investment manager for US clients Sarasin Asset Management Ltd. July 2015 Why invest with Sarasin Asset Management? True client commitment and expertise for 03 US residents

More information

UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY

UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY As a healthcare provider, you need a risk and insurance adviser with an in-depth understanding of the complexities of the healthcare

More information

Business-critical Insurance

Business-critical Insurance Business-critical Insurance Identifying those insurances that support the business and its strategy Guide 2015 Contents Introduction... 4 Categories of insurance... 5 Determining which insurance covers

More information

Professional Indemnity Insurance Guide for FCA Regulated Firms (2015)

Professional Indemnity Insurance Guide for FCA Regulated Firms (2015) Professional Indemnity Insurance Guide for FCA Regulated Firms (2015) Nathan Sewell, CEO of Protean Risk, answers the Top 50 questions we are regularly asked as a specialist provider of Professional Indemnity

More information

Complete Professional Indemnity

Complete Professional Indemnity Allianz Insurance plc plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Insurance Brokers Policy Summary This is a Policy Summary only and does not contain full terms

More information

An introduction to our General Insurance Broking Service. We ll develop a customised insurance and risk management solution to protect your business

An introduction to our General Insurance Broking Service. We ll develop a customised insurance and risk management solution to protect your business An introduction to our General Insurance Broking Service We ll develop a customised insurance and risk management solution to protect your business We ve been helping Australians create secure financial

More information

Charity Insurance. Added expertise. That s the Ecclesiastical Advantage. Community. Animals & Nature. Health & Welfare. Youth. Fundraising & Grants

Charity Insurance. Added expertise. That s the Ecclesiastical Advantage. Community. Animals & Nature. Health & Welfare. Youth. Fundraising & Grants Charity Insurance Community Animals & Nature Health & Welfare Youth Fundraising & Grants Environment & Conservation Added expertise Charity is just one area of insurance in which we are renowned by brokers*

More information

Professional Liability / Individual by Design

Professional Liability / Individual by Design Financial Lines THIS INFORMATION IS INTENDED FOR INSURANCE BROKERS AND OTHER INSURANCE PROFESSIONALS ONLY Professional Liability / Individual by Design 1 AIG Professional Liability We have successfully

More information

MEDICAL MALPRACTICE AND PUBLIC LIABILITY INSURANCE FOR PARAMEDICS

MEDICAL MALPRACTICE AND PUBLIC LIABILITY INSURANCE FOR PARAMEDICS MEDICAL MALPRACTICE AND PUBLIC LIABILITY INSURANCE FOR PARAMEDICS INDEX 1 Page Nos. Page Nos. Introduction 3 4 Complaints Procedure & Claims 18 19 Reporting Who we are? 5 6 Financial Conduct Authority

More information

ICSA Guidance on Protection against Directors and Officers Liabilities Indemnities and Insurance

ICSA Guidance on Protection against Directors and Officers Liabilities Indemnities and Insurance ICSA Guidance on Protection against Directors and Officers Liabilities Indemnities and Insurance Contents If using online, click on the headings below to go to the related sections. 1. Introduction 2.

More information

Professional indemnity insurance Insurance brokers & IFA s proposal form

Professional indemnity insurance Insurance brokers & IFA s proposal form Professional indemnity insurance Insurance brokers & IFA s proposal form Instructions Please provide a full answer to every question. Please ensure that all answers are typewritten or printed in block

More information

Introducing the City. London, 30 November 1 December 2015. Demystifying today s financial markets

Introducing the City. London, 30 November 1 December 2015. Demystifying today s financial markets Introducing the City London, 30 November 1 December 2015 Demystifying today s financial markets Academy Who we are The educational model of the Academy is that of a "Corporate University" where the traditional

More information

Financial Institutions

Financial Institutions Financial Institutions As a leading insurer in the financial institutions (FI) sector, we work closely with our brokers and have the knowledge to provide creative and considered solutions which meet the

More information

MANAGEMENT LIABILITY BLIND SPOTS. Insurance coverage insights for Logistics, Transportation, Supply Chain, and Technology Companies

MANAGEMENT LIABILITY BLIND SPOTS. Insurance coverage insights for Logistics, Transportation, Supply Chain, and Technology Companies MANAGEMENT LIABILITY BLIND SPOTS Insurance coverage insights for Logistics, Transportation, Supply Chain, and Technology Companies The Center of Innovation for Logistics The Center of Innovation for Logistics

More information