Management Liability and Professional Liability provides coverage for investment advisers including hedge fund, mutual fund and family office managers and their funds for suits alleging wrongful acts committed in their capacity as directors, officers, managing members or general partners of a firm or fund. Coverage can include outside directorship liability coverage on all scheduled public companies and private companies. The definition of professional services includes, but not limited to, investment advice and the management and operation of the funds, asset allocation; the selection and oversight of outside service providers; marketing and solicitation of private funds; the formation, capitalization, and disposition of portfolio companies, including acts in the capacity of controlling shareholder and the review, analysis and selection of other funds. Coverage can also be expanded to include coverage for Employment Practices Liability, Private Company Directors & Officers Liability Insurance, and Outside Directorship Liability coverage. Family Office Professional Liability insurance coverage can be extended to include, but not limited to, estate planning, tax services, bill payment and similar activities and single-or multi-family offices.