.png)
PLI Brokers' Investment Managers Insurance is tailored specifically for the needs of Australian investment management firms. This policy consolidates multiple coverage sections into a single, easy-to-manage form, offering convenience and peace of mind to professionals in the investment management sector.
PLI Brokers understands the unique risks faced by investment managers in today’s complex regulatory environment. Australia's investment sector, one of the most rapidly growing in the Asian Pacific region (valued at around $1.3 trillion, as per ASX Australian Investor Study 2023), has led to increased investor claims, which is why investment managers should be protected now more than ever.
Our industry expertise enables us to provide bespoke solutions that can be customised to fit each policyholder's specific risk profile.
Errors and Omissions: Covers claims arising from errors, omissions, or negligence in the provision of professional services.
Breach of Duty: Legal costs and damages resulting from a breach of fiduciary duty or other professional obligations.
Management Liability: Protects directors and officers against claims for wrongful acts committed in their managerial roles.
Employment Practices Liability: Covers claims related to employment practices such as wrongful termination, discrimination, or harassment.
Employee Theft: Covers losses due to theft or fraud by employees.
Third-Party Fraud: Protection against fraud or dishonesty by third parties affecting the company’s assets.
Regulatory Enquiries: Covers costs associated with responding to investigations or enquiries by regulatory bodies.
Compliance Costs: Legal expenses incurred in defending against alleged breaches of regulations.
Data Breach Costs: Covers costs associated with data breaches, including notification, legal defence, and regulatory fines.
Cyber Extortion: Protection against cyber extortion and ransomware attacks.
Business Interruption: Covers loss of income and additional expenses due to a cyber incident disrupting business operations.
Insurance Managers Insurance should be obtained by investment managers as well as their senior executives and directors.
We have you covered.
The primary purpose of Investment Managers Insurance is to protect investment management firms and their professionals against a range of risks associated with their business activities. This includes coverage for professional indemnity, directors and officers liability, crime, regulatory investigation costs, and cyber liability. The insurance provides financial protection against claims arising from errors, omissions, negligence, and other professional risks.
Investment Managers Insurance benefits investment firms and their employees by offering comprehensive protection against various legal and regulatory risks. It helps mitigate financial losses from claims related to professional services, management activities, fraud, and cyber incidents. Additionally, it provides peace of mind to directors and officers by covering their personal liability in the event of management-related claims, thereby allowing them to focus on their roles without the constant fear of personal financial exposure.
No, fines and penalties imposed by regulatory bodies are typically not covered under Investment Managers Insurance. While the policy covers the legal costs associated with defending against regulatory investigations and compliance breaches, it generally excludes coverage for any fines, penalties, or punitive damages imposed as a result of such investigations.
We believe in working closely with you to understand your unique needs and preferences, ensuring that the insurance coverage we offer is affordable and precisely tailored to meet your requirements.
.png)
Professional Lines Insurance Brokers Pty Ltd T/As PLI Brokers (CAR 1308221| ABN 54 601 665 141) Corporate Authorised representative of Community Broker Network Pty Ltd | AFSL 233750 | ACN 096 916 184
.svg)
.png)
.png)