We understand that partnerships and Limited Liability Companies have added exposures to their general partnership/member manager agreements and their function as an investment vehicle. If the managing member or general partner have limited ownership or even no ownership in the entities they manage, we have carriers who can offer coverage.
CSRisks can help you with coverage issues you may not be aware of with a standard D&O form. The following are areas where we can help make sure your Member Managers are covered:
1. Definition of Insured - is it accurate for LLC's and LP's?
2. Definition of Wrongful Acts - Does it cover all the acts a GP/Member Manager may make?
3. Controlled language in definition of insured - Does it need to be modified?
We know it is difficult to navigate through the complex policies and potential coverage gaps. With over 20 year's experience, where we never charge a broker fee, let us be the expert for you and your clients.
Dorothea Westin President
Capitol Special Risks
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