The document discusses private equity insurance policies that JLT offers. These policies provide comprehensive liability coverage and protection from various risks private equity companies face, including lawsuits from investors, shareholders of portfolio companies, and allegations such as misrepresentation, breach of duties, or negligent decisions. JLT has over £100m in private equity insurance capacity available through Lloyd's and London insurance markets. Their policies offer advantages like automatic new fund coverage, outside director liability protection, and comprehensive crime insurance. To obtain a quote, clients submit an application with details about their business.

1. FINANCIAL RISKS
Private Equity
Liability Insurance
Comprehensive Protection for Private Equity Companies
Private equity companies are exposed to
insurable loss from a number of first party
and third party risks.
JLT has developed specific insurance policies designed to
address the unique exposures facing private equity
companies. Such policies will respond to claims from the
company's own investors and to those suits brought by the
shareholders of companies who constitute the assureds'
managed investments. Additionally, first party crime risk can
also be transferred as part of the insurance package. The
underlying liability risks facing private equity companies
generally arise from the following allegations:
• misrepresentation, negligent mis-statement
• breach of duty as general partner/director or officer
• breach of regulatory rules/statute
• failure to maintain equity between different funds
• breach of the partnership agreement/investment
management agreement
• negligent investment decisions
• negligent management of investments
• fraud or dishonesty.
The purchase of comprehensive liability coverage both
protects the assured in the event of litigious action and
increases competitiveness when marketing to investors.
JLT has access to over £100m of private equity liability
insurance capacity. This capacity is available through a
combination of Lloyd’s syndicates and London company
markets and is designed for all types of private equity
companies. Private equity clients are able to benefit from
JLT's specialist knowledge, gained from a global private
equity client base, bringing experience, imagination and
flexibility to an insurance programme. We offer a variety of
proprietary forms which can be further tailored to suit a
client’s individual requirements.
What does private equity
insurance cover?
A. Professional liability
B. Outside director liability
C. General partner liability
D. Directors’ and Officers’ liability and company
reimbursement insurance
E. Comprehensive crime coverage

2. Lloyd's Broker. Authorised and Regulated by the Financial Services
Authority. A member of the Jardine Lloyd Thompson Group. Registered Office:
6 Crutched Friars, London EC3N 2PH. Registered in England No. 01536540.
VAT No. 244 2321 96. www.jltgroup.com.
© July 2009. 260935
Jardine Lloyd Thompson Limited
6 Crutched Friars
London EC3N 2PH
Tel +44 (0)20 7528 4000
Fax +44 (0)20 7528 4500
Key advantages of JLT private equity cover:
In addition to the common coverage found within most private equity wordings,
JLT wordings offer:
• automatic new fund cover
• outside director liability cover
• separate or combined towers of insurance
• wording flexibility
• comprehensive crime extension if required.
What information is needed for a quotation?
A completed application form will be required prior to binding. However, an
indication can often be obtained on receipt of a prospectus and financials.
Please do not hesitate to contact us if you require an application form or have
any questions.
For more information please contact:
Simon Holt BA (Hons)
Associate
Jardine Lloyd Thompson Limited,
6 Crutched Friars, London, EC3N 2PH, UK.
Direct Tel: +44 207 528 4740
Email: Simon_Holt@JLTgroup.com
www.jltgroup.com