Private Equity & Venture Capital
To reach their growth objectives, companies in the private equity and venture capital business sector face far-reaching challenges and issues. At Wortham, we have developed a specialized practice that serves the complex needs of private equity and venture capital firms. We work with a wide range of clients in these areas, including those with general investment portfolios as well as those focused on energy, real estate, technology, bioscience and other targeted interests.
At Wortham, our team of seasoned experts understands the crucial importance of making certain that our clients are fully covered during the buy and sell sides of a transaction. We conduct a comprehensive exposure identification and policy evaluation through our copyrighted "M&A Exposure Audit". Through our due diligence work, we identify any potential undisclosed liabilities and recommend various options to address these issues. Our professionals are experienced in assisting clients in a wide variety of deals, including stock and asset transactions.
For clients with portfolio companies, Wortham's account management team can develop master programs that provide consistent coverages, offering the same broad policies, retentions and liability limits to each entity within the portfolio. Our clients benefit from increased purchasing power, which gives them enhanced leverage and economies of scale in certain markets in price and policy form negotiations. Wortham's approach to master programs gives our clients a competitive edge through an overall reduction of their cost of risk.
Along with marketing and placing our clients' insurance programs, Wortham also offers risk management services, including analysis of existing insurance coverages, reviews of purchase agreements and other contracts.
Wortham provides a comprehensive scope of insurance and risk management solutions for private equity and venture capital clients, including:
- Workers compensation
- General liability
- Excess liability/umbrella
- Business interruption and contingent business interruption
- Representations and warranties
- Litigation buyout
- Tax insurance/tax opinion
- Environmental insurance
- Surety bonds
- Employee benefits
- Professional indemnity
- Directors & officers liability
- Fiduciary liability
- General partnership liability
- Employment practices liability
- Kidnap, ransom and extortion
- Cyber liability