CSRisks offers a competitive and specialized alternative to standard Management Liability or Directors & Officers (D&O) coverage for General Partners and Member Managers. With over 20 years of experience in complex liability placements, we understand the unique exposures faced by partnerships and Limited Liability Companies (LLCs), especially when the managing members or general partners have little or no ownership in the entities they oversee.
Overview of the Program From Capitol Special Risks
Capitol Special Risks (CSRisks) is a trusted wholesale broker that provides customized management liability solutions for General Partners and Member Managers. Our program addresses the nuanced risks involved in managing partnerships and LLCs, particularly those functioning as investment vehicles or with non-traditional ownership structures. We work with multiple carriers and can offer admitted solutions in select states.
Ideal Accounts and Appetite
We are a strong market for:
- Limited Partnerships (LPs) and LLCs with complex management structures
- Entities where the General Partner or Member Manager has limited or no equity ownership
- Investment funds, real estate partnerships, and private equity structures
Whether you have a client forming a new investment vehicle or managing multiple entities, we can help identify gaps in traditional D&O coverage and ensure the right protections are in place.
Coverage Highlights and Advantages
Standard D&O forms often miss critical exposures. CSRisks helps agents and brokers secure tailored policies that properly define and protect General Partners and Member Managers.
- Definition of Insured: Ensures accurate policy language for LPs and LLCs
- Definition of Wrongful Acts: Covers management decisions and operational exposures
- Controlled Entity Language: Modified to reflect real-world structures and control dynamics
We help you avoid unexpected exclusions and clarify ambiguous terms that can lead to uncovered claims. Our team can assist in navigating these complexities with confidence.
Underwriting Notes and Minimum Premiums
Minimum premiums vary depending on the risk profile and jurisdiction. Our underwriting team evaluates each submission based on management structure, ownership, operations, and prior loss history. Fast turnaround is a hallmark of our service, and we never charge broker fees.
Territories and Availability
This program is available in most U.S. states, including but not limited to CA, TX, NY, FL, GA, IL, and WA. Admitted coverage options are available in some states, depending on the carrier and program structure. Please contact us to confirm availability in your client's state.
Why Work With Capitol Special Risks
At Capitol Special Risks, we specialize in niche management liability solutions. Our experience, carrier relationships, and focus on complex risk structures make us an ideal partner for agents and brokers placing General Partner or Member Manager liability coverage. You can rely on us for:
- No broker fees—ever
- Access to multiple markets and custom coverage forms
- Expert guidance on policy language and risk structure
- Fast, responsive service from an experienced team
Let us help you secure the right protection for your clients’ management teams and investment vehicles.
Fast turnaround and we never charge a broker fee!
In CA, Capitol Special Risks, Inc. dba: Capitol Special Risks Insurance Service - CA Fire & Casualty Agency - #0C46094
Frequently Asked Questions
What types of accounts are a good fit for this program?
Our program is ideal for LLCs and Limited Partnerships where General Partners or Member Managers may not have full ownership. This includes investment funds, real estate partnerships, and similar structures.
Can you provide coverage when the managing member has no ownership?
Yes, we work with carriers that can offer coverage even when the managing member or general partner has limited or no ownership in the entity.
How does this differ from a standard D&O policy?
Standard D&O forms often don't account for the unique exposures of General Partners or Member Managers. We offer tailored definitions and endorsements to address these gaps.
Is the policy available on an admitted basis?
Admitted coverage is available in some states, depending on the carrier. We’ll help you find the best fit based on the insured’s location and risk profile.
Do you charge any broker fees?
No, Capitol Special Risks never charges broker fees, regardless of the account size or complexity.
Need help placing an account? Connect with a market specialist.