Professional Indemnity, Directors' & Officers' Liability and Fidelity Guarantee Insurance
Professional indemnity insurance (including directors' & officers' liability insurance and office liability insurance) is advisable for most asset managers in order to cover them against various job-related risks. For asset managers who distribute funds, these types of insurances are mandatory to a certain degree. Some cantons also require obligatory professional indemnity insurance for IAMs (Ticino).
SAAM has joined forces with the five leading providers of insurance solutions for financial intermediaries in Switzerland (AIG, AXA, Chubb, Liberty and Zurich) to define minimum standards for professional liability, directors' & officers' liability and fidelity guarantee insurance. At the same time, the cooperation partners have compiled an application form geared specifically to the needs of independent asset managers. Members of the SAAM also benefit from discounts or special conditions.