--- title: "Venture Capital Asset Protection Insurance in Oregon" description: "Check how Oregon adviser rules and fund entity structure affect a venture capital manager’s insurance review." canonical: "https://spot.insure/coverage/venture-capital-asset-protection/oregon" page-type: "coverage-state-guide" updated-at: "2026-09-28" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/venture-capital-asset-protection/oregon) # Venture Capital Asset Protection Insurance in Oregon Oregon-based investment-adviser firms must show $1 million in errors-and-omissions insurance under the state registration summary. Confirm the policy satisfies that separate adviser requirement and whether VCAP can be structured to meet it. The SEC exemption from federal registration is not a blanket state exemption, so confirm the adviser’s state filing position and list the correct entities for insurance.[^2][^1] **Coverage:** [Venture capital asset protection](/coverage/venture-capital-asset-protection) · [Oregon](/coverage/states/oregon) ## What Is Venture Capital Asset Protection? Venture capital asset protection can combine management and professional liability for a venture or private-equity fund and its managers. The label is not a standard coverage package, so check which funds, partners, board roles and claims the quote includes. [Read the national Venture capital asset protection guide](/coverage/venture-capital-asset-protection). ## What to Watch for in Oregon ### Check the State Adviser Filing Oregon-based investment-adviser firms must show $1 million in errors-and-omissions insurance under the state registration summary. Confirm the policy satisfies that separate adviser requirement and whether VCAP can be structured to meet it. Confirm the regulator-facing status of the adviser entity; do not assume SEC exempt-reporting treatment settles it.[^2][^1] ### Map Each Fund and Manager Entity Oregon’s $1 million E&O requirement applies to Oregon-based adviser firms; ask the broker to verify the insurer, limits, insured entity and whether the proposed VCAP form qualifies. Give the broker the fund, GP, adviser and management-company chart, then ask how the policy coordinates with each entity’s indemnification obligations under its governing documents and organizing law.[^3][^1] ### Match the Policy to Fund Work Check that the named Oregon entity, policy limit and form satisfy the E&O requirement. Ask for a written schedule of funds, management entities, partner board seats and covered professional services; the product label does not establish those terms.[^1][^2] ## Who Regulates Insurance in Oregon **Oregon Division of Financial Regulation.** DFR handles complaints about most insurance lines and provides Oregon license checks for agents, agencies, and insurers. You can use its consumer complaint form if an insurer or agent is not following Oregon law or rules.[^4][^5][^6] - [Regulator website](https://dfr.oregon.gov/) - [License lookup](https://dfr.oregon.gov/help/complaints-licenses/Pages/check-license.aspx) - [File a complaint](https://dfr.oregon.gov/help/complaints-licenses/Pages/file-complaint.aspx) ### Surplus-Lines Tax and Stamping Office **Reported tax rate:** 2% of Oregon-home-state gross premiums, plus 0.3% on premium or fees for fire marshal For Oregon-home-state risks, the surplus-lines licensee must collect a 2% tax on gross premiums and a 0.3% fire-marshal tax on premium or fees, in addition to the premium. Oregon requires the policy to warn that losses will not be paid by the state guaranty fund; the exempt-commercial-purchaser search exception requires admitted-market disclosure and a written request.[^7][^8][^9][^10] [Surplus Line Association of Oregon](https://oregonsla.org/) ## Providers With Documented State Licenses No provider in Spot’s research documents both a state license record and this coverage line. This does not establish that providers are unlicensed. [Check the regulator’s license lookup](https://dfr.oregon.gov/help/complaints-licenses/Pages/check-license.aspx) and confirm availability with a provider when requesting a quote. ## Questions to Ask Before You Buy in Oregon 1. Does the proposed policy meet Oregon’s $1 million adviser E&O requirement for our firm? 2. Is the Oregon-based advisory entity named, and does the limit apply to its professional services? 3. How do defense costs and any outside-director protection interact with the Oregon E&O limit? ## Venture Capital Asset Protection in Oregon: FAQ ### Is the federal venture capital adviser exemption enough for state registration in Oregon? No. The SEC describes an exemption from federal registration for advisers solely to venture-capital funds, while state adviser rules remain a separate question. Oregon-based investment-adviser firms must show $1 million in errors-and-omissions insurance under the state registration summary. Confirm the policy satisfies that separate adviser requirement and whether VCAP can be structured to meet it. Check the applicable state filing status for the adviser and its representatives.[^1][^2] ### What Oregon adviser rule should a VC fund check before buying VCAP? The state adviser-registration summary says: Oregon-based investment-adviser firms must show $1 million in errors-and-omissions insurance under the state registration summary. Confirm the policy satisfies that separate adviser requirement and whether VCAP can be structured to meet it. Separate this filing or financial-responsibility rule from liability coverage, then ask the broker whether the policy covers the adviser, GP, management company and funds.[^2][^1] ### Which entities should a venture fund in Oregon include in its VCAP application? Include the fund, GP, adviser and management company, plus partners’ portfolio-company board roles. Oregon’s $1 million E&O requirement applies to Oregon-based adviser firms; ask the broker to verify the insurer, limits, insured entity and whether the proposed VCAP form qualifies. Ask the insurer to confirm which entities, services and board seats are covered in writing.[^1][^3] ## Venture Capital Asset Protection in Other States - [Alabama](/coverage/venture-capital-asset-protection/alabama) - [Alaska](/coverage/venture-capital-asset-protection/alaska) - [Arizona](/coverage/venture-capital-asset-protection/arizona) - [Arkansas](/coverage/venture-capital-asset-protection/arkansas) - [California](/coverage/venture-capital-asset-protection/california) - [Colorado](/coverage/venture-capital-asset-protection/colorado) - [Connecticut](/coverage/venture-capital-asset-protection/connecticut) - [Delaware](/coverage/venture-capital-asset-protection/delaware) - [District of Columbia](/coverage/venture-capital-asset-protection/district-of-columbia) - [Florida](/coverage/venture-capital-asset-protection/florida) - [Georgia](/coverage/venture-capital-asset-protection/georgia) - [Hawaii](/coverage/venture-capital-asset-protection/hawaii) - [Idaho](/coverage/venture-capital-asset-protection/idaho) - [Illinois](/coverage/venture-capital-asset-protection/illinois) - [Indiana](/coverage/venture-capital-asset-protection/indiana) - [Iowa](/coverage/venture-capital-asset-protection/iowa) - [Kansas](/coverage/venture-capital-asset-protection/kansas) - [Kentucky](/coverage/venture-capital-asset-protection/kentucky) - [Louisiana](/coverage/venture-capital-asset-protection/louisiana) - [Maine](/coverage/venture-capital-asset-protection/maine) - [Maryland](/coverage/venture-capital-asset-protection/maryland) - [Massachusetts](/coverage/venture-capital-asset-protection/massachusetts) - [Michigan](/coverage/venture-capital-asset-protection/michigan) - [Minnesota](/coverage/venture-capital-asset-protection/minnesota) - [Mississippi](/coverage/venture-capital-asset-protection/mississippi) - [Missouri](/coverage/venture-capital-asset-protection/missouri) - [Montana](/coverage/venture-capital-asset-protection/montana) - [Nebraska](/coverage/venture-capital-asset-protection/nebraska) - [Nevada](/coverage/venture-capital-asset-protection/nevada) - [New Hampshire](/coverage/venture-capital-asset-protection/new-hampshire) - [New Jersey](/coverage/venture-capital-asset-protection/new-jersey) - [New Mexico](/coverage/venture-capital-asset-protection/new-mexico) - [New York](/coverage/venture-capital-asset-protection/new-york) - [North Carolina](/coverage/venture-capital-asset-protection/north-carolina) - [North Dakota](/coverage/venture-capital-asset-protection/north-dakota) - [Ohio](/coverage/venture-capital-asset-protection/ohio) - [Oklahoma](/coverage/venture-capital-asset-protection/oklahoma) - [Pennsylvania](/coverage/venture-capital-asset-protection/pennsylvania) - [Rhode Island](/coverage/venture-capital-asset-protection/rhode-island) - [South Carolina](/coverage/venture-capital-asset-protection/south-carolina) - [South Dakota](/coverage/venture-capital-asset-protection/south-dakota) - [Tennessee](/coverage/venture-capital-asset-protection/tennessee) - [Texas](/coverage/venture-capital-asset-protection/texas) - [Utah](/coverage/venture-capital-asset-protection/utah) - [Vermont](/coverage/venture-capital-asset-protection/vermont) - [Virginia](/coverage/venture-capital-asset-protection/virginia) - [Washington](/coverage/venture-capital-asset-protection/washington) - [West Virginia](/coverage/venture-capital-asset-protection/west-virginia) - [Wisconsin](/coverage/venture-capital-asset-protection/wisconsin) - [Wyoming](/coverage/venture-capital-asset-protection/wyoming) [Other Coverage in Oregon](/coverage/states/oregon) ## Sources [^1]: [Private Fund Adviser Overview](https://www.sec.gov/about/divisions-offices/division-investment-management/private-fund-adviser-overview) — U.S. Securities and Exchange Commission; Federal exemptions for advisers solely to venture capital funds; state registration may also apply. Accessed 2026-09-28. [^2]: [Oregon Investment Adviser Registration Information](https://www.nasaa.org/industry-resources/investment-advisers/state-investment-adviser-registration-information/oregon/) — North American Securities Administrators Association; State investment adviser registration requirements and regulator reference. Accessed 2026-09-28. [^3]: [Oregon Legal Materials](https://www.law.cornell.edu/states/oregon) — Legal Information Institute, Cornell Law School; Constitution and Legislation; official state statutes portal. Accessed 2026-09-28. [^4]: [oregon insurance regulator](https://dfr.oregon.gov/) — State insurance regulator; DFR homepage identifies consumer, licensing, and complaint services.. Accessed 2026-09-28. [^5]: [DFR Check a License](https://dfr.oregon.gov/help/complaints-licenses/Pages/check-license.aspx) — State insurance regulator; Insurance industry section links Oregon agent, agency, and company license-status search in NAIC SBS.. Accessed 2026-09-28. [^6]: [DFR File a Complaint](https://dfr.oregon.gov/help/complaints-licenses/Pages/file-complaint.aspx) — State insurance regulator; Online insurance complaint form; DFR says it can review whether a company or agent follows Oregon law and rules.. Accessed 2026-09-28. [^7]: [Oregon Revised Statutes §735.470](https://www.oregonlegislature.gov/bills_laws/ors/ors735.html) — Oregon Legislature; Subsections (1)(a)–(c), (4): 2% on Oregon-home-state gross premiums plus 0.3% of premium or fees for fire marshal; licensee collects taxes in addition to premium.. Accessed 2026-09-28. [^8]: [Oregon Revised Statutes §§735.405, 735.410, 735.470](https://www.oregonlegislature.gov/bills_laws/ors/ors735.html) — Oregon Legislature; ORS 735.470(1)(a) taxes Oregon-home-state risks; ORS 735.418 authorizes interstate allocation procedures.. Accessed 2026-09-28. [^9]: [Surplus Lines Insurance](https://dfr.oregon.gov/business/licensing/insurance/institutions/pages/surplus-lines-insurance.aspx) — Oregon Division of Financial Regulation; Page states surplus-lines insurance through a nonlicensed insurer is not protected by the Oregon Insurance Guaranty Association.. Accessed 2026-09-28. [^10]: [Oregon Revised Statutes §§735.405, 735.410 and 735.415](https://www.oregonlegislature.gov/bills_laws/ors/ors735.html) — Oregon Legislature; 2025 Edition online text: §§735.405(6), 735.410(1)–(2), 735.415(1)(b)–(2); current chapter text includes the ECP definition, diligence rule, disclosure/written-request exception, and policy warning against guaranty fund coverage.. Accessed 2026-09-28. [^11]: [Licenses](https://www.at-bay.com/licenses/) — At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21. [^12]: [Licenses and Carriers](https://www.coalitioninc.com/legal/licenses) — Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535.. Accessed 2026-09-22. [^13]: [Insurance Producer Licenses](https://www.corgi.insure/broker-licenses) — Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown.. Accessed 2026-09-28. [^14]: [About Hiscox US Insurance](https://www.hiscox.com/about-hiscox-insurance) — Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16. [^15]: [Licenses](https://www.nextinsurance.com/insurance-licenses/) — ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885.. Accessed 2026-09-28. [^16]: [Insurance Licenses by State](https://www.techinsurance.com/legal/licenses) — TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number.. Accessed 2026-09-28. [^17]: [Licenses](https://www.vouch.us/legal/licenses) — Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict.. Accessed 2026-09-15. Updated 2026-09-28. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). 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