Insurance for VC, Funds and Investment Managers

upcover specializes in offering tailored, cost-effective insurance solutions for VC, funds, and investment managers, addressing the unique complexities of the financial sector.
Types of cover

Tailored insurance for VCs, Family Offices, PE, Debt Funds and/or Investment Managers!

A single policy that includes Errors & Omissions, Directors & Officers, and Crime cover. You can also add optional Cyber cover and extend your Directors insurance to cover NEDs!
Professional Indemnity

Secure your firm with professional indemnity insurance, mitigating risks associated with advisory or consultation errors.

Director & Officers

Protects executive directors, non-executive directors, Company Secretary or employees involved in the management of the organisation

Crime

Safeguards your firm against financial losses stemming from fraudulent activities, theft, or other criminal acts within your organization.

Cyber & Privacy Liability

Defend your operations from cyber threats with robust coverage for incident response, extortion, and cybercrime.

other benefits

Value-Added Benefits of Venture Capital and Investment Manager Insurance:

Global coverage

As businesses expand their operations globally, it's essential that their coverage isn't limited to just one region. Therefore, these policies provide standard protection for claims made in any part of the world.

Compliant with AIFMD

Can be extended to be compliant with Alternative Investment Fund Managers Directive (if holding funds in EU)

K&R extension available

This policy provides optional kidnap and ransom cover for investment managers in emerging markets, featuring a 24/7 global response hotline for immediate support from your chosen security consultant.

Optional non-executive directors limit

Optional Directors & Officers limit to cover non-executive directors from personal liability arising from the operations of your organisation.

cover for all situations
Hedge funds
Long-only equity funds including mutual fund managers
Private equity and venture capital fund managers
Property funds (UK), REITS, and real estate funds (US)
Registered investment advisors

Other inclusions that might be considered

Cannabis-related investment vehicles (Canada)
Family offices
M&A advisory firms
For remote work or services you provide to Australian clients from anywhere in the world.

Exclusions

100% crypto investment strategies
100% fund trust administration
Cannabis-related investment vehicles (US)
Financial planners
FX traders
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events covered
Professional Indemnity Insurance

A venture capital firm advising on a tech merger faced allegations of poor advice, resulting in client losses. Their Professional Indemnity Insurance covered legal defences and settlements, protecting the firm's financial stability and reputation.

Directors & Officers Insurance

A board member of a private equity firm was accused of breaching fiduciary duties, resulting in investor lawsuits. The Directors & Officers Insurance offered protection against these claims, covering legal defence costs and any settlements, safeguarding the personal assets of the directors and officers involved.

Crime Cover Insurance

An investment firm discovered embezzlement by a senior employee, leading to significant financial losses. The Crime Cover Insurance provided crucial support, covering the financial discrepancies and assisting in the recovery of lost funds. This coverage ensures the firm's financial stability, even in the face of internal criminal activities.

Cyber & Privacy Liability Insurance

An investment firm experienced a sophisticated cyber-attack, leading to a severe data breach and the leakage of sensitive client information. The Cyber & Privacy Liability cover offered comprehensive support, covering the costs of data recovery, client notification, credit monitoring services, and any legal liabilities.

Professional Indemnity Insurance

An investment manager was accused of mismanaging a high-value portfolio, leading to notable underperformance. The firm's Professional Indemnity Insurance was pivotal in covering legal defense costs and any financial settlements, preserving the firm's credibility and ensuring financial resilience amid the dispute.

Employment Practices Liability

An asset management firm faced a lawsuit alleging workplace discrimination and wrongful termination by a former employee. Their EPL Insurance provided critical support, covering legal fees and any settlement costs, thereby safeguarding the firm's reputation and providing financial protection against the claims.

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support

Make a Claim

Had an adverse incident and want to make a claim to an award winning claims team? You can submit a claim online at any time.
Start by clicking on the link below.
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Contact us

Give us a call or drop us a line at any time. Our teams will endeavour to answer all enquiries within 24 hours on business days.
General Enquiries
hello@upcover.com
For questions relating to our product offering, information handling, policy coverage or anything else, please reach out here.
Cancelling your policy
support@upcover.com
You can cancel your policy at any time. Simply email us and tell us your business name, reason for cancelling, and we'll do the rest for you.
Making a compliant
COMPLAINTs@upcover.com
If you're unhappy with the service you've received by us or our insurance partner and wish to make a complaint, email us here.
FAQs

Commonly asked by our customers

What is insurance for investment managers, and why is it crucial for their operations?

Insurance for investment managers refers to specialized coverage tailored to address the distinct risks and liabilities faced by investment firms, venture capitalists, and financial institutions. This insurance is crucial as it safeguards these entities from traditional risks like management liability, crime, and regulatory investigations, as well as emerging threats like cyber-attacks, and kidnapping & ransom (K&R) situations.

This comprehensive package policy for investment managers is designed to confront these risks proactively, ensuring that investment firms can operate with confidence, focusing on their core business objectives while being shielded from potential financial setbacks.

What is Professional Indemnity insurance that upcover offers?

The Professional Indemnity Insurance we offer is tailored specifically to meet the unique needs of startups. This coverage is designed to safeguard your business against the financial impacts of potential claims arising from allegations of professional negligence or misconduct. This could relate to instances where advice or services you have provided lead to a loss for a client, and they decide to take legal action against your startup. Whether it's a matter of giving incorrect advice, breaching a professional duty, or unintentional copyright infringement, this policy provides protection, handling the legal costs and any required compensation. This cover allows startups to operate with confidence, knowing they have protection in place, should they face such challenging situations.

What is the Director & Officers insurance that upcover offers?

The Directors & Officers Insurance we offer is designed to safeguard startups and their leadership teams. This policy provides coverage for claims made against directors, officers, and managers of your startup. It also extends to protect your company and its subsidiaries against liability claims. Furthermore, this policy includes cover for Employment Practices Liability, which guards your company against claims made by prospective, current, or past employees. With additional features such as Tax Audit Cover and Comprehensive Crime Cover, this insurance product is specifically designed to provide a robust shield against a range of potential legal and financial threats that could impact your startup. By offering protection for your key personnel and business, this policy ensures startups can continue their operations with confidence.

What is Cyber & Privacy Liability insurance for startups that upcover offers?

The Cyber & Privacy Liability Insurance we offer is tailored specifically to support startups in an increasingly digital business landscape. This policy protects against financial losses resulting from cyber incidents such as data breaches, cybercrime, cyber extortion, and more. It also covers expenses related to data and application restoration after a cyber incident. In the event of a security failure causing business interruption, this policy provides coverage for the losses incurred. Given the prevalence of cyber threats and the potentially significant impact they can have on startups, this cover offers critical protection for your business in the digital age.

What information is required for the insurance application?

For your insurance application, some essential details are
‍Company Details: Basic information including company size, location, and services offered.
‍Revenue Breakdown: How your business income is generated.
‍Investment Management Information (if applicable): Asset values, client account details, and investment areas.
‍Liability Details (if applicable): Information on funds, management, and employment practices.
‍Risk Management Information (if applicable): Cyber security measures and crime cover procedures.
‍Additional Cover Details (if applicable): Specifics on kidnap and ransom cover, including travel details.
‍General Requirements: Desired cover limits, recent financial reports, and key company documents.

Who might file a claim against me?

Potential claimants can include:
- Investors
- Directors or staff of companies in your portfolio
- Financial lenders
- Minority stakeholders
- Parties involved in the sale or purchase of companies in your portfolio
- Creditors and insolvency practitioners of companies in your portfolio
- Customers of companies in your portfolio

What should I consider when a portfolio company is about to IPO?

Typically, insurance policies have a 'Prospectus Liability Exclusion', meaning they don't cover claims related to your portfolio company's Initial Public Offering (IPO). However, we offer a specialized Public Offering of Securities Insurance (POSI) to safeguard against allegations of inaccuracies or misrepresentations in your IPO-related documents, including prospectuses, pathfinders, or final admission papers.

How can I make a claim?

You can make a claim by filling up this online form here.

Just answer a few simple questions and submit your claims form in minutes.
upcover Pty Ltd ABN 17 628 197 437 (“upcover”) is Corporate Authorised Representative (CAR 1299211) of Experience Insurance Services Pty Ltd (AFSL 539078).
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upcover is a Corporate Authorised Distributor and has entered into an arrangement with Armada Underwriting Pty Ltd ABN 84 000 989 131 AFSL 237402 (“Armada”) and Mercurien Insurance Pty Ltd ABN 68 150 845 177,  AFSL No 480284 (“Mercurien”). upcover markets insurance products and services on behalf of Armada and Mercurien respectively. Cover is subject to the terms, conditions, limits and exclusions of the Policy. All insurance is underwritten by Professional Risk Underwriting Pty Ltd  ABN 80 103 953 073 AFSL 308076 (“ProRisk”) under an authority to bind cover on behalf of Swiss Re International SE, Australia Branch ABN 38 138 873 211 (“Swiss Re”). Armada, ProRisk, and upcover and their employees act as agents of Swiss Re, not as your agent. Neither ProRisk, Armada or upcover act on your behalf when distributing the insurance products and services and any advice provided is general advice only and does not consider your objectives, financial situation or needs.
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Consider the Policy Wording For Allied Health Professionals Insurance Policy, Policy Wording For The Public & Products Liability Insurance Policy, Professional Indemnity Insurance, Cyber & Privacy Liability Policy, RideProtect Commercial Motor & Motor Fleet Insurance Policy, the Management Liability Insurance Policy, the Association Liability Insurance Policy, the Sole Traders & Partnerships Liability Policy, the General Terms & Conditions and the Financial Services Guide to decide if an insurance product offered by upcover is right for you.

Information provided is general advice only and has been prepared without taking into account any person's particular objectives, financial situation or needs. Read the relevant Product Disclosure Statement or Policy Document available at upcover  and consider whether it's appropriate before making any decisions about whether to buy a product.

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