Insurance Solutions for Private Equity Funds
GPL insurance is the core coverage for private equity firms. URM helps fund managers structure General Partner Liability coverage around LP claims, board-seat exposure, portfolio company risk, and transaction diligence.
Board Seat
Liability
PE partners and operating professionals often sit on portfolio company boards. GPL should address outside directorship exposure when claims target fund-appointed directors for decisions made at the portfolio company level.
Attorney-Broker Expertise
GPL coverage needs more than a quote comparison. It needs policy-language review, entity-structure analysis, and claims-tested judgment.
Protect the Fund
Review whether the fund, GP, management company, affiliated entities, and individual insureds are properly protected.
Protect the Board
Evaluate outside directorship liability for partners, operating partners, and fund representatives serving on portfolio company boards.
Reduce Coverage Gaps
Identify exclusions, entity issues, professional services limitations, regulatory gaps, and portfolio company D&O coordination problems.
Attorney-Broker Team
Legal analysis and insurance placement experience combined in one GPL advisory process.
GPL Policy Review
Review insured entities, professional services wording, ODL coverage, regulatory coverage, exclusions, retentions, and claims reporting provisions.
Top Tier Carriers
Access to insurers that understand private equity, fund management liability, LP claims, and portfolio company board-seat exposure.
Aligned with your Fund
Designed around your fund, management company, indemnification policy, board seats, investment strategy, and port co.s.
Private Equity Insurance Built Around General Partner Liability Coverage
Private equity insurance starts with General Partner Liability insurance, commonly known as GPL insurance.
GPL is the core management liability policy for private equity firms because it is designed to protect the fund, general partner, management company, partners, investment professionals, and fund representatives against claims involving fund management, LP disputes, professional services, regulatory scrutiny, and portfolio company board service.
For a private equity firm, the question is rarely whether it has “D&O” or “E&O” in the abstract. A properly structured GPL policy typically combines fund-level D&O, professional liability / E&O, and outside directorship liability into one coordinated insurance program. The more important question is whether the GPL policy actually matches the firm’s structure, investment strategy, portfolio company board activity, and indemnification framework.
URM helps private equity firms review and structure GPL insurance around the claims that matter most: investor disputes, conflicts of interest, valuation issues, management fee allegations, regulatory investigations, professional services claims, portfolio company board claims, and situations where portfolio company D&O insurance may be inadequate, exhausted, or disputed.
D&O - Protecting the Fund and Its Leadership
Who it protects:
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The General Partner (GP) entity
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Individual partners, officers, and directors
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Occasionally, the fund itself
What it covers:
D&O (Directors & Officers) coverage responds to claims of mismanagement, breach of fiduciary duty, or regulatory violations involving fund-level decisions. It protects GPs when named personally, reimburses the fund when it indemnifies individuals (Side B), and covers the entity when it’s sued directly (Side C).
Common triggers:
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LP lawsuits over valuation or fund performance
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Regulatory investigations
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Disputes over allocation of deals, fees, or distributions
E&O – Protecting Investment Activity and Advisory Conduct
Who it protects:
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The GP/Management Company
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Partners and employees engaged in fund operations
What it covers:
Errors & Omissions (E&O) insurance protects the GP from claims related to investment advice, fund management, and service to portfolio companies. This includes communication with LPs, diligence errors, failed investments, or co-invest disputes.
Common triggers:
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A missed investment opportunity leading to LP loss
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Claims tied to valuation practices or deal execution
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Misstatements during fundraising or advisory services
ODL – Protecting GPs on Portfolio Company Boards
Who it protects:
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GPs or firm executives serving as directors of portfolio companies
What it covers:
Outside Directorship Liability (ODL) activates when a portfolio company director (from the fund) is personally named in a lawsuit and the company cannot indemnify or has exhausted its D&O limits. This protects the individual without drawing on fund assets.
Common triggers:
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Portfolio company insolvency
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Claims from employees, creditors, or co-founders
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Exhausted or missing portfolio-level D&O coverage
What is GPL
General Partnership Liability (GPL) insurance is a specialized insurance policy designed for venture capital and private equity firms. It protects the general partner entity, the individual partners, and sometimes the fund itself against claims arising from their management of investor capital.
A GPL policy typically combines multiple layers of protection, including D&O, E&O and ODL (Outside Directorship Liability)
Portfolio Audits
AI-enabled experts flag coverage gaps, litigation exposure, and outdated terms using public + private data.
Portfolio Mgmt.
Track all PortCo coverage, quotes. We manage the calendar and the process. You get clean reports. PortCos get better quotes.
Portfolio Programs
Unified insurance solutions for PE portfolios, enhancing efficiency and reducing risk across all investments.
Due Diligence
Share your data room, we can deliver diligence in hours, not weeks.
GPL
Protecting private equity firms and their funds from management liability and professional services risks.
Cyber
Safeguards against data breaches, ransomware, and regulatory exposures, protecting both the firm and its portfolio.
Crime
Protects against fraud, embezzlement, and employee dishonesty, safeguarding firm assets and investor capital.
M&A
Protects buyers and sellers from financial losses due to breaches of representations, warranties, or unforeseen liabilities in a transaction.
Due Diligence
Comprehensive evaluation of financial, legal, and operational risks in a transaction, ensuring informed decision-making and mitigating potential liabilities.
Portfolio Program
Streamlines coverage across multiple investments, optimizing risk management, cost efficiency, and consistency for PE.
Coverage
Portfolio insurance programs allow PE firms to unlock efficiency, consistency, and leverage across their entire portfolio - turning what’s typically a fragmented, reactive process into a strategic advantage.
By consolidating insurance placements, firms gain visibility into risk, eliminate redundancies, and negotiate better terms through scale.
More importantly, a well-structured program ensures that coverage aligns with how the firm actually operates - protecting board members, aligning D&O and GPL, and standardizing protections where fund-level oversight creates exposure.
Portfolio Programs
Private Equity Stats
82%
PE Funds
Adopting AI
Convenience still outweighs expertise in AI adoption.
65%
Report Data Mgmt Inefficiency
Tech and AI enable funds to focus on the depth of investing.
50%
Prioritize Digital Transformation
Primary driver for insurance M&A over the next 12–24 months.
52%
Increase in
Invstments
investments in insurance reached $18.62 through 2024.
