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  • Chartis Singapore Insurance Pte. Ltd.
    CHARTIS Building
    78 Shenton Way
    #07-16
    Singapore 079120
  • Tel: +65 6419 3000
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Investment Professionals Protector (IPP)

The inherent volatility associated with financial markets can expose investment managers to liabilities...

When a fund underperforms; allegations of misrepresentation, mismanagement, a breach of management contracts/mandates or a failure to supervise may arise. Expert qualifications and established reputations by themselves are not enough to protect investment professionals when their decisions yield less than expected returns. Litigation is expensive and damage awards can be ruinous – in today’s litigious business evironment, investment professionals cannot afford to operate without insurance.

The structure and inter-relationship between investment management companies and investment funds creates a myraid of potential exposures. Investment managers are likely to owe duties, as both company officers and as professionals, to shareholders, investors, employees and third parties. One mistake may lead to claims from any or all of those parties.

Where different insurance products cover your professional and managerial liabilities, problems can arise because of differing policy terms and conditions – these may create coverage gaps adding to the time and expense of dealing with a claim. To combat such problems, our Investment Professionals Protector (IPP) is a single comprehensive “umbrella” product for investment managers, investment advisors and investment funds.

Key Features Back To Top
  • Claims first made during the Policy Period or applicable Discovery Period
  • A single policy wording to reduce the risk of any “gap in cover”. Where multiple policies are used, problems may arise in allocating liability due to differing terms and conditions and insurers
  • Clear and concise Insuring Covers:
    • Professional Liability insurance for investment advisors/managers, Funds and certain natural persons when providing Investment Advisory Services
    • Management Liability insurance for investment advisors/managers and Funds and their senior managers and directors
  • Investigations cover to protect Insured against formal hearings, investigations or inquiries even in the absence of a specified Wrongful Managerial/Professional Act
  • Automatic cover for new funds and subsidiaries provided the fund or subsidiary in question meets pre-determined criteria
  • Automatic cover for vicarious liability for Wrongful Professional Acts
  • Worldwide cover
  • Severability of the proposal form and conduct for Wrongful Managerial Acts
  • Advancement of Defence Costs 
Additional Benefits Back To Top
  • Advancement of Defence Costs for ALL Insuring Clauses
  • Data Protection and Privacy Liability cover for Insured Persons and Insured Entities
  • Key Man Loss cover for Insured Entities – because your people are your most valuable asset
  • Defamation/Libel/Slander cover
  • Loss of Documents cover for Insured Persons and Insured Entities
  • Court Attendance allowance
  • Estates and Heirs cover
  • Bilaterial Discovery Period
  • Retired Insured Persons cover – because you rquire protection irrespective of future insurance purchasing decisions
  • Outside Entity Director extension 
  • Emergency Costs cover
  • “Final adjudication” language as opposed to “in fact” language – to provide you with greater security where fraud, dishonesty or a personal profit is alleged
Less Restrictive Cover Back To Top
  • No Market Fluctuation Exclusion
  • No Investment Banking Exclusion
  • No Asset Valuation Exclusion
  • No Dealer Exclusion
  • No Failure of Counterparty Exclusion
  • No Valuation and Foreign Currency Exclusion
  • No Late Trading/Market Timing Exclusion
  • No Regulatory/Audit Remediation Exclusion