D&O insurance policies are a business detail that all investors need to understand and manage according to attorney Michael Gray of Neal, Gerber & Eisenberg and insurance broker Brian Flanagan of Thompson Flanagan & Co., co-sponsors of the September 17th IVCA Toolkit Event.

 

The panel the two put together to explain why the focus is important and how it plays out in the venture and private equity investing, included:

 

The 65 person audience that included both firm CFOs and investment professionals, attentively took notes on coverage benchmarks and on how to better manage the claims process. A key insight included ways to optimize coverage between various policies at the portfolio company and partnership. Chris Geneser and Roy Sroka provided the CFO's point of view on both managing the broker relationships and ensuring compliance with notification provisions.

 

Discussion areas included:

 

Coverage Benchmarks for VC/PE Fund Firms

Procuring Your Policy: Key Provisions & Pitfalls to Avoid

Insights for Due Diligence and M&A Integration

Making A Claim: Optimizing Coverage

Insurance Industry Issues that May Affect Policies