Stephen T. Cohen
Washington, D.C. +1 202 261 3304
A report from Dechert and Marsh
Business development companies (BDCs) and asset managers considering BDCs as a fund structure must weigh a number of factors when determining the level of insurance coverage they may need to properly manage risk.
Based on feedback from BDC clients, Dechert and Marsh recently conducted a benchmarking survey regarding management and professional liability insurance practices — particularly with respect to directors and officers (D&O) and errors and omissions (E&O) policies — to provide industry participants with information that may be useful in reviewing their current insurance programs as compared to the industry as a whole.
This report includes results of the survey, as well as information on trends likely to impact the BDC insurance market and frequently asked questions regarding common insurance risk management practices.