What Does Venture Capital Asset Protection Insurance from Founder Shield Cover?

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Venture Capital Asset Protection Insurance with third-party carriers rather than underwriting the policy itself. ²Company-reportedAbout-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Founder Shield says it places policies, including Founder Shield Venture Capital Asset Protection Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. ³Company-reportedGeneral carrier-selection FAQ, not specific to this line's placements.

Founder Shield markets VCAP, also called General Partner Liability (GPL) insurance, to venture capital and private equity firms, their general partners and managing members, employees and advisory board members, and the fund entity itself. ¹Company-reportedVCAP Insurance product page.

Founder Shield says a VCAP policy typically bundles management liability, professional-services (E&O) liability for advice given to the fund or portfolio companies, outside-directorship liability for partners on portfolio boards, and crime coverage for the firm's own funds. ¹Company-reportedProduct page; the issued policy and declarations control actual coverage. The product page's exclusions section appears to reuse unrelated telehealth-policy text, so it was not cited here.

You request Founder Shield Venture Capital Asset Protection Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^2,3Company-reportedAbout-us and carrier-selection pages describe the general placement process, not a line-specific application form.