NVCA Today

We hope that all NVCA members are aware of the NVCA endorsed insurance program, VentureInsure, which includes Directors & Officers Liability coverage for VC firms and their portfolio companies as well as other insurance products important to VC firms. These policies have been vetted by a team of attorneys to insure the enhancement of critical policy language and coverage. The buying power of the NVCA membership guarantees premiums to be at or below current market rates, which are tightening. To learn more about this program, please visit http://www.ventureinsure.com.

We are excited to announce two new offerings to this suite of insurance protection: Office Package Policy and Group Excess Liability Protection.

Office Package

• The Package policy for VCs covers Property, General Liability, Auto, Workers' Compensation, and Excess Liability. A dedicated product for VCs has never before existed and we're seeing on average more than 18% premium savings.
• The General Liability (GL) has special wording, different from that available from any other carrier, and does NOT exclude professional liability exposures - which are normally excluded by a GL policy.
• Two success stories - a mid-size NVCA member in California was paying $18,000 for their package program and the insurance carrier was able to do it for $6,000. In Boston, one of our members saved 43% on their package program and in both cases, coverage was enhanced.

Group Excess Liability

• This offering allows an employer to sponsor a group excess liability program for some or all of its employees. Coverage is a personal umbrella, up to 50 million in limits, which goes over each of the individual's personal insurance policies (homeowners, vacation property, boat, auto, etc.). It costs less per million of limit than most individuals can get from a standard personal lines market (State Farm, Allstate, etc.).
• The program gives individuals a chance to buy higher limits than is sometimes available from their personal lines market(s) and to save money on what they currently pay for personal Umbrella policies.
• It's underwritten by one dedicated person at Chubb, which has been named the top personal lines insurer for the affluent by Worth magazine many times in a row.
• It's fairly simple for the employer to complete the group application and each individual participant must complete a short application, available at www.ventureinsure.com.

If you have questions about any of these products please contact John Love at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit www.ventureinsure.com.