“A Fund Managers’ Guide to Maximizing D&O and E&O Insurance Coverage” examines best practices for fund managers—particularly in the current economic climate—for negotiating and obtaining strong insurance protection and maximizing recovery when claims arise. As the economic impact of COVID-19 continues to reverberate across all global industries, there is an increased risk of claims being asserted against private fund managers, their funds and portfolio companies, as well as key individuals, both in their capacity as members of fund management and/or as members of a portfolio company’s board. At the same time, however, the insurance market has become much more challenging for fund managers to successfully navigate.
In this article, Proskauer’s Insurance Recovery and Counseling team weigh in on some of the most important insurance issues adversely affecting fund managers and the recent shift in behavior from insurers as a direct result of the impacting global pandemic.