Iron Cove Financial Services Insurance Blog

Fiduciary Liability? Do we have it? Can I answer "YES" on the DDQ?

Dec 17, 2013 4:15:41 PM

Fiduciary Liability

Countless numbers of our financial institution clients are asked to carry Fiduciary Liability protection by third-party investors. This request causes a lot of confusion for asset management firms due to the fact that they rarely ever purchase it (at least in the most literal sense).

Tags: hedge fund insurance, Hedge Funds, Insurance, agency, Asset Management, Iron Cove Posts, brokerage, Due Diligence Questionaire, ERISA, Errors and Omissions, Fiduciary, Fiduciary Liability, hedge fund, investment advisors, Liability, Lou D'Agostino, Pension Plans

Trade Error! Are We covered?

Dec 11, 2013 6:04:49 PM

In a recent conversation with one of our key Prime Brokerage relationships, we were asked whether or not their client had protection for trade errors. It was their understanding that the error itself wasn't covered but the defense and legal bills typically would be. Please see our exchange below:

Tags: Insurance, Investment Advisor, Iron Cove Posts, cost of corrections, Directors & Officers Liability, Errors and Omissions, hedge fund, Trade error

All posts

Iron Cove Blog

Fiduciary Liability? Do we have it? Can I answer "YES" on the DDQ?

Fiduciary Liability

Trade Error! Are We covered?

Subscribe to Email Updates

Recent Posts

Recent Tweets

Iron Cove, a division of EPIC

Our Business

Our Services

Recent Tweets