Hackers gained access to the firm’s data room before a deal closed and copied founder financials, cap tables and investor records. The breach triggered legal advice, forensic work, notifications and urgent communications with affected parties.

Cyber & Technology Liability is designed to cover liability, incident response, legal, forensic and breach management costs arising from a cyber event.

A finance manager received a fake email that looked like a founder’s instruction and sent settlement funds to a fraudulent account. The transfer was discovered the next day, leaving the VC firm with a direct financial loss.

Crime Cover is designed to cover direct financial loss arising from employee fraud and some third party fraud, including electronic fraud.

A partner joined a portfolio company board at the fund’s request. After governance failures and a major write down, shareholders accused the director of breaching duties and brought a claim against both the individual and the firm.

Management Liability is designed to cover claims and defence costs arising from wrongful acts by directors and officers, including some outside board roles.

A fund manager shared an investment paper for a follow on round. After the company failed, investors alleged key governance red flags were missed and said the recommendation and diligence work led them to commit more capital.

Professional Indemnity Insurance is designed to respond to claims arising from alleged negligence, errors or omissions in your professional services, including defence costs and compensation.