Errors & omissions /professional liability insurance to cover the legal costs to defend you, as well as the indemnity you are legally required to pay. Venture capital firms are at risk of being sued for mismanagement, mishandling, or bad advice.
Fraud insurance to cover financial losses due to dishonest or fraudulent acts of employees, officers or directors of your venture capital firm or of one of your portfolio companies.
Representation and warranties liability insurance to cover the legal costs to defend the seller, as well as the indemnity the seller might legally be required to pay. Unintentional inaccuracies in financial statements, accounts receivable, taxes, employee benefits, intellectual property, etc. might cause the buyer to sue for having paid a purchasing price he would not have paid had the information been accurate.
Intellectual property insurance to cover the legal costs to defend you, following a claim from a third party for having violated their intellectual property such as patents, licenses, commercial rights, copyrights, trade secrets. The Insurer would also pay the indemnity to the third party for which you are legally liable.