Incorrect structure choice may affect PI insurance cover

Start-up managers continue choosing structures not appropriate for their potential investor base, and which can considerably reduce chances of obtaining professional indemnity (PI) insurance, according to a support services firm and regulatory expert.Steve McGuinness, managing director of London-based HedgeSupport, said it was still approached by start-ups planning offshore master-feeder structures, where the tax advantages the structure bestowed were meaningless if the sole investor target