Fund Management Insurance
- what's covered
Investment Management Insurance is a specialised insurance package designed for fund managers, investment managers, private equity firms, venture capital firms and managed investment schemes.
These policies are designed to protect both the fund management business and its directors and employees from the significant legal, regulatory and financial risks associated with managing investors’ money.
They are commonly purchased by fund managers, responsible entities, trustees, financial advisers managing portfolios, and alternative investment managers.
Professional Indemnity
Investment management is built on advice and judgement, and both can be challenged when an investor believes the guidance fell short. Professional Indemnity is the core of a fund management policy, responding to claims alleging negligent investment advice, errors, omissions or breaches of professional duty.
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It protects the business when the quality of its advice or service is called into question, covering the defence and settlement costs that follow. For a funds business, it’s the cover that answers for the professional work at the heart of what you do.
For full details of the Product Disclosure Statements, please contact us.
Directors and Officers Liability
Those who lead a funds business carry personal responsibility for the decisions they make. Directors’ and Officers’ Liability provides protection for directors and officers against claims arising from their management decisions.
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It responds when their conduct in running the business is challenged, covering the cost of defending them and helping protect their personal assets. In a closely regulated sector, the people steering a fund face real exposure, and this cover stands behind the individuals whose judgement shapes how the business is run.
For full details of the Product Disclosure Statements, please contact us.
Civil Liability
A funds business can face claims that reach beyond professional advice into broader financial harm. Civil Liability responds to claims for financial loss suffered by investors or third parties.
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It covers the business where its conduct is alleged to have caused a monetary loss to the people it serves or others affected by its work. For a fund manager, it broadens the protection around the financial consequences of a claim, answering for loss that an investor or third party says they have suffered.
For full details of the Product Disclosure Statements, please contact us.
Crime
A funds business holds money and client assets that make it a target for dishonesty from within. Crime cover responds to losses arising from employee dishonesty, fraud or theft of client assets.
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It protects the business against the direct financial loss these acts cause, whether the money taken belongs to the business or to the clients in its care. Where someone inside the business abuses their position to steal or defraud, this cover answers for the loss and helps protect the assets you hold on trust.
For full details of the Product Disclosure Statements, please contact us.
Employment Practices Liability
The employment relationship is one of the most common sources of a claim against any business, funds managers included. Employment Practices Liability responds to claims from employees relating to unfair dismissal, discrimination or harassment.
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It covers the cost of defending and settling these claims, brought by current, former or prospective staff. As workplace claims grow more frequent, this cover protects the business from a category of dispute that has nothing to do with investments and everything to do with being an employer.
For full details of the Product Disclosure Statements, please contact us.
Fidelity and Computer Crime
Dishonesty today is as likely to come through a system as through a person. Fidelity and Computer Crime provides protection against cyber-enabled theft, social engineering and fraudulent fund transfers, where included.
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It responds to the modern methods used to steal from a funds business, from a manipulated payment instruction to a fraudulent transfer of funds. For a business that moves money electronically, this cover guards against the loss when a criminal uses deception or technology to divert funds that should never have left your control.
For full details of the Product Disclosure Statements, please contact us.
Regulatory Investigations and Defence Costs
A funds business operates under close regulatory scrutiny, and an investigation can be costly to manage long before any finding is made. Regulatory Investigations and Defence Costs cover responds to the legal expenses associated with investigations by regulators.
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It meets the cost of legal representation when a regulator examines your business or its people, so responding properly doesn’t become a financial burden of its own. In a sector defined by regulation, this cover supports you through the scrutiny that comes with the territory.
For full details of the Product Disclosure Statements, please contact us.