Insurance for Asset Management Firms & Investment Funds

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Asset Management Firms Face Varied Risks

As regulatory scrutiny intensifies, asset management firms and investment funds face more and varied risks. Think data loss and theft, errors in processing client paperwork, issues related to foreclosures, and more. Executives can feel more confident knowing The Hartford is here to help them reduce risk and prevail through crises, lawsuits, and unexpected events.
Recommended Coverage for Asset Management Firms and Investment Funds
Helps to protect the property an investment firm owns and leases, including things like equipment, inventory, furniture, and fixtures. Firms can tailor their coverage to fit the unique needs of their specific securities or investment advisory businesses.
 
This can include coverage if:
 
  • The business is unable to process electronic data.
  • The firm loses income because utility services are interrupted.
  • The business is unable to complete transactions because transmission lines are damaged.
Our General Liability Choice® policy from The Hartford covers bodily injury and property damage, including damage to rented properties, and accidents related to running an investment firm. This policy can also help protect the assets of an investment firm if it is sued for negligence, personal injury, libel, slander, errors, omissions, misrepresentation in advertising, and more. The policy automatically covers employees, as defined in the policy, and can easily be extended to cover others when needed.
Our market-leading Asset Management ChoiceSM Policy protects firms and funds from key management and professional liability exposures. Coverage options include:

  • Professional Liability Coverage – helps protect against the high cost of a lawsuit arising from client allegations of misrepresentation, fraud, or negligence. 
  • Adviser Directors, Officers and Entity Liability Coverage (D&O) – helps protect firms and funds, their directors, officers and certain others against loss that arises out of the day-to-day operations and management of the company.
  • Employment Practices Liability Coverage (EPL) – helps protect asset management firms and funds from damages and defense costs that arise out of employment-related disputes included but not limited to alleged discrimination, sexual harassment, violation of the Family and Medical Leave Act, refusal to hire and wrongful termination or discipline.
  • Fiduciary Coverage – helps cover employee claims related to the design, administration and maintenance of company-sponsored retirement, health, and other employee benefit plans.
  • Crime Coverage – helps protect against loss from employee theft, computer fraud, and other similar crimes.
  • Kidnap/Ransom & Extortion Coverage (K&R) – helps protect company employees if they are kidnapped in the U.S or while on business abroad.
  • Cyber Liability Coverage – Our end-to-end cybersecurity solutions protect asset management firms and funds from a broad range of potentially severe third-party liability and first-party risks associated with data privacy and network security breaches, including hacking, malicious software, activities of rogue employees, hardware theft, employee error and more.
Helps asset management firms and investment funds reduce common merger and acquisition (M&A) risks. 
Helps asset management firms and investment funds survive a significant liability claim that exceeds the limits of primary coverage.
Helps cover securities that are lost, stolen or destroyed while in transit.
Helps cover newly acquired property owned by the business, within limits.
The Hartford offers U.S. domiciled companies a spectrum of coverage that goes far and wide. Whether you need to cover employees traveling abroad or a whole overseas enterprise, The Hartford can offer the right package of protection with options ranging from The Hartford Passport Package to The Hartford’s Controlled Master Policy (CMP) with local multinational policies – in one coordinated insurance program.
 
Additional Solutions for Asset Management Firms and Investment Funds
The Hartford is a leading provider of Workers’ Compensation Insurance, which provides benefits to employees for work-related injuries or illnesses including medical care, wages from lost work time, and more. If an employee is injured or sick, The Hartford helps return them to work as soon as reasonably possible or to other transitional work and may include training with new skills. This coverage even pays a long-term benefit if an employee can’t return to work. In the event that an employee dies due to a work-related accident, the policy pays an insurance benefit to the family. Our offerings:
 
  • The Hartford’s Team•WorkSM Return-to-Work program helps get injured employees back on the job as soon as medically appropriate.
  • Our Payroll Billing Option, XactPAY® offered at no extra cost, can help businesses more easily manage and monitor cash flow related to their workers’ comp payments. It features premium payments based on actual payroll and timed to the company’s payroll schedule.
Helps cover the vehicles that a business owns, leases, rents or borrows – on the road and off. At no additional cost, commercial auto insurance helps cover electronic equipment in vehicles, lease and loan gaps, and provides a wide range of specialized services designed to help businesses improve their drivers’ safety.
The Hartford’s innovative Risk Engineering team strives to help companies run safer and ultimately more profitable businesses with loss control services that include risk exposure evaluations, consultations, and recommendations for improving businesses’ safety and security. 
 

For Smaller Firms

Smaller securities & investment firms typically require specialized insurance coverage.
 
The Hartford® is The Hartford Financial Services Group, Inc. and its property and casualty subsidiaries, including issuing company, Hartford Fire Insurance Company. Its headquarters is in Hartford, CT.
 
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Property and Casualty Insurance Company of Hartford, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In CA by Sentinel Insurance Company, Ltd. (CA license # 8701) and its property and casualty insurance company affiliates, One Hartford Plaza, Hartford, CT 06155.