Mutual funds and investment
advisers count on AXIS for U.S. insurance financial protection
against lawsuits arising from shareholders, regulators and other
third
parties.
Our Vestis policy offers a broad selection of coverages, including
Investment Adviser Professional Liability; Mutual Fund Management
and Professional Liability; Excess Independent Director Liability;
Service Provider Professional Liability; Internet Liability; Directors,
Officers and Corporate Liability; Employment Practices Liability;
and Fiduciary Liability.
Key highlights:
•
Excess Independent
Director coverage with a separate limit of liability solely
for independent directors, apart from the aggregate policy
limit.
•
Internet Liability coverage included
automatically with the purchase of Investment Adviser Professional
Liability, Mutual Fund Management and Professional Liability
or Service Provider Professional Liability.
•
A modified Insured vs. Insured
exclusion that provides greater protection for investment advisers,
mutual funds and service providers.
•
Fewer reporting requirements
during the policy period for name changes, runoffs or newly
acquired or created investment advisers, mutual funds or service
providers (60-day post-policy, reporting period).
