Berkley adds management liability product for investment advisers

Berkley Financial Specialists, a W.R. Berkley Corp. unit, said Wednesday it is introducing a management liability product for investment advisers.

Berkley said AdviserGuard is a blended policy that covers management liability, employment practices liability, professional liability, fiduciary liability and registered fund liability.

Up to $10 million in limits, on a per claim basis, is available under the program, said Edward Mongon, assistant vice president, financial institutions underwriter specialists, asset management product leader.