Financial Services

Hiscox FSTM

Financial Services

Hiscox FSTM

Financial
Services

What is Financial Services Insurance?

Hiscox FS offers firms the custom protection they need to address today’s risk landscape, where they are subject to greater scrutiny, complex regulation, and an increasingly litigious investment environment.

 

 

Appetite
Capacity
Coverage & Benefits
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Appetite

Targeting firms with less than $3B in assets under management (AUM) on a primary basis and up to $10B in AUM on an excess basis.

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Capacity

$5M capacity on primary or excess basis

Coverage & Benefits

Single policy for: 

  • Management Liability  
  • Professional Liability  
  • Outside Positions Liability 

 
 

Option to enhance their policy with coverage for: 

  • Employment Practices Liability  
  • Fiduciary Liability  
  • Employed Lawyers Liability  
  • Enhancement Endorsements for Real Estate, Hedge Fund and Family Office  
  • Cost of Corrections Coverage  
  • Pre-Claim Inquiry Coverage  
  • Derivative Demand Investigation Coverage  
  • Extradition Coverage 
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Tailored industry coverage

We make it easy for you to sell our products for key industries, ensuring all the coverage your client needs is available.

See all industries

Last updated: Thu, 09/28/2017 - 12:46
Crowdfunding
Family offices
Investment Adviser
Mutual funds
Private Investment Funds
Real estate funds
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Related products

Package Hiscox FS with the following products: Management Liability, Media Liability, Cyber, Crime, and Technology. 

Document finder

Looking for a document? Find it here or check out our other resources.

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Claims scenarios 

Not sure what risks our product covers? We’ve brought some scenarios to life.

Real estate

Several investors in a real estate partnership sued the management for failing to register the securities in the partnership. The partners alleged that the securities were exempt, but the case eventually went to court, resulting in costs for both sides. 

Real estate

Several investors in a real estate partnership sued the management for failing to register the securities in the partnership. The partners alleged that the securities were exempt, but the case eventually went to court, resulting in costs for both sides. 

Family office

A family office provides multi-generational financial planning services, and selects and oversees ancillary professionals such as estate planning attorneys, CPAs and business valuation specialists. When the founder of a successful business dies unexpectedly, the office tasks a valuation specialist to value the business for sale. The family later determines that the valuation was low, and they sue the valuation specialist, and the family office for vicarious liability. 

Family office

A family office provides multi-generational financial planning services, and selects and oversees ancillary professionals such as estate planning attorneys, CPAs and business valuation specialists. When the founder of a successful business dies unexpectedly, the office tasks a valuation specialist to value the business for sale. The family later determines that the valuation was low, and they sue the valuation specialist, and the family office for vicarious liability. 

Venture capital

A technology startup raised its initial round of funding from three angel investors who each invested $1 million and were each granted 10% of the company. The company grew rapidly, and another financing round was floated. This time, the company accepted an offer from a well-known investor of $1 million for a 20% stake. The original investors sued the start up for diluting their investment by half. 

Venture capital

A technology startup raised its initial round of funding from three angel investors who each invested $1 million and were each granted 10% of the company. The company grew rapidly, and another financing round was floated. This time, the company accepted an offer from a well-known investor of $1 million for a 20% stake. The original investors sued the start up for diluting their investment by half. 

Private equity firm

One of the portfolio companies of a private equity firm filed for bankruptcy and a trustee was appointed. The creditors felt that the management was being paid excessively, and made a claim for damages. 

Private equity firm

One of the portfolio companies of a private equity firm filed for bankruptcy and a trustee was appointed. The creditors felt that the management was being paid excessively, and made a claim for damages. 

Venture capital

A venture capital firm was sued by an employee for discrimination. The employee alleged that she was not promoted to a higher-ranking, client-facing position in the firm because of her gender. 

Venture capital

A venture capital firm was sued by an employee for discrimination. The employee alleged that she was not promoted to a higher-ranking, client-facing position in the firm because of her gender. 

Portfolio company

A portfolio company of a private equity firm went bankrupt. The employees of the company sued the private equity firm, contending that the firm was responsible for the pension obligations of the bankrupt company. The firm was found not to be responsible for the pension obligations, but incurred significant costs to defend itself. 

Portfolio company

A portfolio company of a private equity firm went bankrupt. The employees of the company sued the private equity firm, contending that the firm was responsible for the pension obligations of the bankrupt company. The firm was found not to be responsible for the pension obligations, but incurred significant costs to defend itself. 

Key contacts

Sean Hearden
VP, Product Head – Financial Services
312 283 2930
pi_17580_email
[email protected]
Anne Jarrell
VP, Claims – Executive Risks
678 781 6081
pi_17580_email
[email protected]