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Insurance broker for investment firms and startups

Cilantro is a commercial insurance brokerage for venture capital, private equity, and advisory firms, and for startups. We read your policies, compare your options side by side, and arrange the coverage your business needs.

Find your starting point

Confidence, from the people we work with.

The policy name
is only the beginning.

Management decisions, professional services, data incidents, and daily operations raise different questions. We help you look past the label and into the details.

Fund management liability insurance

For startups, start with the commitments you are making to employees, investors, customers, and landlords.

Explore startup insurance

How we work with you.

  1. You tell us what changed.

    A renewal, a new fund, a customer contract, or a first policy. We start from your business, your current insurance, and the deadline in front of you.

  2. We read the details.

    We go through your entities, activities, and policy terms, so the open questions are clear before any quotes are compared.

  3. We lay out your options.

    We go to insurers and set the quotes side by side: limits, the amount your business retains, and exclusions. You decide with a broker’s advice.

A clearer view of the policy details

Cilantro brings policy information into a visual workspace to support the conversation with your broker. Review the details together and identify the questions that need a closer reading.

Coverage Overview

Insurance Coverage

As of Jun 2026
PolicyLimitPremiumStatus
E&O
E&O Liability
$10M
$125k
Listed
D&O
D&O Liability
$5M
$85k
Listed
Policies shown2
Illustrative coverage view. Sample information, not a quote or a coverage determination.

What happens when the coverage doesn’t fit.

Each of these firms had insurance, and each still ended up in court over what it covered. They are public cases about other firms, not Cilantro clients. Finding problems like these before a claim arrives is the work we do.

Bruckmann, Rosser, Sherrill & Co. v. Marsh USA · 2011

A $33.5 million settlement. $20 million of insurance.

A private equity firm settled a lawsuit for $33.5 million and sought to recover under two policies. Its insurers paid $20 million in total, legal fees included, because clauses in the policies stopped the two limits from being added together. The firm sued its broker. The decision did not make a final finding that the broker was negligent.

What we check for you: Whether your policies can be combined, and how much of each limit legal fees can use up, before you count on the total.

New York Appellate Division opinion, June 28, 2011
Goggin v. National Union Fire Insurance · 2018

Insured as directors. Not covered for these claims.

Two directors of U.S. Coal also managed investment entities. When claims arose from those overlapping roles, a Delaware court ruled in 2018 that an exclusion in the D&O policy applied, even though both were insured directors. The ruling concerned that policy and those claims. It was not a finding of misconduct, or that the directors had no insurance anywhere.

What we check for you: Every role your people hold, including board seats and other vehicles, and which policy covers each one.

Delaware Superior Court opinion, November 30, 2018
Scottsdale Insurance v. Byrne · 2019

The insurer declined to defend. The dispute went to a federal appeals court.

An insurer declined to defend an investment vehicle, and a default judgment was later entered against the vehicle. The coverage dispute reached the First Circuit, which in 2019 upheld a $3 million coverage judgment plus interest after reviewing the exclusions and the allegations. The opinion records the judgment. It does not show whether the money was paid.

What we check for you: How the exclusions in your policy read against the kinds of claims your firm could face, since an exclusion’s title alone doesn’t settle whether the insurer has to defend.

U.S. Court of Appeals for the First Circuit opinion, January 16, 2019

Every case turns on its own facts, policy language, and governing law. These outcomes don’t predict how a different claim would be decided.

Before we talk

Can we start without an existing policy?

Yes. Tell us what your business does and whether a contract, hire, funding round, or launch is driving the decision. You do not need an existing policy to request a conversation.

Can we discuss coverage we already have?

Yes. Let us know when it renews and what has changed. Your current policy and endorsements can help frame the review.

Does requesting a call put coverage in place?

No. Sending this form requests a conversation. It does not bind insurance or confirm that a particular claim would be covered.

Let’s talk about
what comes next.

Your first policy. An approaching renewal. A question about what is covered. Start with the decision in front of you.

Request a call

Tell us about your business, what is changing, and when you need coverage. We will follow up to discuss next steps.

Include any renewal, fundraising, or contract deadline.

By requesting a call, you consent to receive communications from Cilantro by email, phone call and text message about our products and services. You may opt out at any time. Consent is not a condition of purchase. See our Privacy policy.