Employment Practices Liability (EPL) insurance is a critical component of risk management in today’s business world. However, when it comes to venture capital (VC) and private equity (PE) firms, there are some unique aspects that set their EPL insurance needs…
Introduction: In today’s digital age, venture capital and private equity firms are increasingly vulnerable to cyber threats. As stewards of valuable investments and sensitive data, it’s crucial for these financial institutions to understand and address the cyber risks they face.…
Venture capital and private equity firms are in the business of managing risk, and understanding the unique portfolio risks they face is crucial to success. In this blog post, we will explore six key portfolio risks that every VC and…
General Partners (GPs) and Venture Capital firms play a critical role in managing and growing investments on behalf of Limited Partners (LPs). However, as LPs entrust their capital with high expectations, GPs and Venture Capital firms must be prepared to…
Amid increased scrutiny from the Securities and Exchange Commission (SEC) and heightened market turbulence, many private equity (PE) firms are worried about their potential liabilities. These include the risk of legal actions for breaching fiduciary duties, claims for errors or…
You just paid for the firm’s malpractice insurance but it won’t cover you next claim. We have reviewed many law firms’ applications for legal malpractice insurance and hidden deep within those pages is a simple yes/ no question that…
Lawyers must report more than simply lawsuits to their insurance company. The notice provision of a legal malpractice insurance policy requires that lawyers disclose to the malpractice carrier all known claims and any potential claims they know of – this…
Law firms are being targeted by cyber criminals but you can prevent most cyber attacks with these 5 safeguards. While most law firms have some level of protections we have seen that many small to mid-sized firms don’t have all…
What happens if I do not report a claim or potential claim? A lawyer’s failure to immediately report potential claims could result in the loss of coverage despite paying a sizable premium. Obviously entering into settlement talks or defending a…
This blog post was originally posted in 2015, and was updated October 18, 2021. Most professionals need insurance coverage, and attorneys and law firms are no exception. Several commercial insurance products are critically important for legal professionals. One of the…