What is GPL versus D&O?

GPL packages the management company, the GP entities, and the funds — with portfolio-board coverage attached. It is the asset-management form; generic D&O leaves gaps.

Does portfolio-company D&O protect our partners on boards?

First-line, yes — GPL sits excess and fills where portfolio towers exhaust or exclude. Both layers matter.

We are eight people. Is EPL serious?

Eight people with carry disputes is exactly where EPL claims get expensive. Small-team pricing, large-team stakes.

AUM, structure, seats, policies — one submission to asset-management specialists.

Private Equity & Venture Capital Firms Insurance: EPL, D&O & Management Liability

Why private equity & venture capital firms face employment claims

Carry allocations and vesting at separation are the firm’s signature employment dispute — small teams, large numbers, personal history.

Promotion decisions in two-or-three-seat partnerships generate passed-over claims with pattern evidence drawn from a decade of hires.

Beyond EPL: the rest of the management liability picture

LP allegations on valuation, allocation, and conflicts; portfolio-director service pulling principals into company-level claims; and fund-formation representations define the GPL core. Explore D&O insurance, cyber liability, and fiduciary liability, or start with employment practices liability.

What a claim can look like

Illustrative scenario

A principal departing before a fund’s carry crystallization disputes vesting treatment and alleges the timing of his separation was engineered; the LPA and his agreement read against each other.

Illustrative scenario

LPs in a slow fund allege conflicted allocation between overlapping vehicles; the allocation policy and its exceptions become the case.

Scenarios are illustrative composites, not descriptions of actual claims or outcomes. Whether any claim is covered depends on the policy issued.

What carriers will ask about your firm

AUM, fund count, and strategy
Team size with carry-plan structure
Portfolio-board seats held
Allocation and conflicts policies
Three-year claims history
Management-company revenue and payroll

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Frequently asked questions

What is GPL versus D&O?: GPL packages the management company, the GP entities, and the funds — with portfolio-board coverage attached. It is the asset-management form; generic D&O leaves gaps.
Does portfolio-company D&O protect our partners on boards?: First-line, yes — GPL sits excess and fills where portfolio towers exhaust or exclude. Both layers matter.
We are eight people. Is EPL serious?: Eight people with carry disputes is exactly where EPL claims get expensive. Small-team pricing, large-team stakes.
How do we start?: AUM, structure, seats, policies — one submission to asset-management specialists.

Provident Financial Group is an independent insurance agency, not a carrier. We place coverage for private equity & venture capital firms in New Jersey, New York, Connecticut, Vermont, Ohio, Pennsylvania, Michigan, Kansas, North Carolina, South Carolina, the District of Columbia, Virginia, Maryland, Delaware, Georgia, Florida, Texas, California, Kentucky, Massachusetts, Indiana, Nevada, and Arizona.