...a Frenkel & Co., Inc. Company

Frequently Asked Questions

Question: What does insurance cost?

Answer: Here are some ballpark numbers. Your actual price may vary:

Coverage Estimated Annual Premium
Property including Business Income and Extra Expense $2,500 per $1,000,000 of coverage, depending upon quality of building protection systems and location
Commercial General Liability $1,000 to $5,000 for basic limit of $1,000,000 each occurrence / $2,000,000 aggregate, depending upon size of office and location
Business Auto $250 for Hired & Non-Owned Auto Liability. $2,500 to $5,000 for owned or leased vehicles depending upon cost and garage location
Umbrella Liability First $1,000,000 of coverage: $750 to $3,000 depending on size of office and number of vehicles. Higher limits are purchased in increments of $1,000,000 at a cost of $500 to $1,000 per $1,000,000
Workers' Compensation $2,500 to $4,000 per $1,000,000 of payroll, depending upon the state. Coverage for partners is elective in most states.
Errors & Omissions / Directors & Officers Liability $20,000 to $35,000 per $1,000,000 of coverage, depending upon:

  • Assets under management
  • Investment strategy
  • Leverage
  • Management team experience
  • Historical performance
  • Whether "prior acts" are covered
  • Claims history
Employment Practices Liability $150 to $300 per employee, depending upon state, workforce diversity and turnover rate. Usually less expensive when included in an E&O/D&O policy.
Fidelity Bond $2,500 to $10,000 per $1,000,000 of coverage, depending upon number of employees and assets.
Group Benefits Premiums vary by state and depending upon the number of employees, dependent coverage, use of gatekeepers, deductibles, coinsurance, and other coverage options.
Life Insurance Premiums vary based on policy amount, age, sex, health and tobacco usage.

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Copyright © 2009 Frenkel & Co., Inc.

Hedge Fund Insurance
a division of Frenkel & Co., Inc.
350 Hudson Street, 4th Floor, New York, NY 10014
Phone: 212-488-0270  Fax: 212-488-0432