We believe that every insurance policy should be as unique as the business it protects. That’s why we work closely with leading insurers to cater for the needs of the industries in which we specialise. Whether you need AFSL professional indemnity insurance, Blockchain insurance, Investment managers insurance or Directors’ and officers’ liability insurance, we ensure you get the right policy at the right price.
The Risk Advisory Hub is Australias only specialist Insurance advice firm which offers Blockchain Insurance solutions tailored to the needs of businesses operating in the blockchain technology, cryptocurrency, and digital asset space.
Insurance for blockchain businesses includes a range of policies that protects companies in the blockchain industry from various risks. This can include coverage for cyber attacks, theft of digital assets, and other potential threats. Blockchain businesses, which rely heavily on technology and digital assets, are particularly vulnerable to these types of risks and can benefit from having insurance to protect against them. In addition to providing financial protection, having insurance can also help to increase customer confidence and trust in the business. Some insurance providers offer tailored policies for blockchain businesses, which can provide customized protection to meet the specific needs of these companies. We have experience in sourcing solutions for Crypto exchanges, Fund managers, NFT companies and lending operations.
Since the completion of the Financial Services Royal Commission, ASIC has been focussed on prosecuting rather than negotiating, and now more than ever clients are willing to ask more questions. It is important to partner with a trusted advisor who understands this space and has strong relationships with the limited pool of insurers who can provide the right policies.
As per the ASIC RG126 Regulatory Guide, a PI insurance policy must have a limit of at least $2 million for any one claim and all in the aggregate for licensees with total revenue from financial services provided to retail clients of $2m or less. For licensees with total revenue from financial services provided to retail clients greater than $2m, minimum cover should be approximately equal to actual or expected revenue from financial services provided to retail clients.
Professional Indemnity Insurance helps financial services providers and businesses cover the cost of compensation claims and legal action should a client sue your business for negligence.
We ask the right questions, ensuring that you will have all the cover in place that you need, should you ever need to make a claim. It is important to make sure that when sourcing a PI policy, your business description is accurate and details of all the activities carried out by the company are disclosed to insurers. Remember, if any of your details are incorrect or not accurate, insurers can withhold the right to pay out on a claim.
As an investment manager, you are exposed to rigorous litigation claims for any financial loss arising out of the professional services and guidance you provide to your clients.
That’s why you need a robust Investment Managers Insurance policy to protect you against risk exposures in relation to the raising of and management of funds from investors.
Whether you are an equities fund, PE/VC Fund, mortgage fund, property development or agricultural fund; an Investment Managers Insurance (IMI) policy can provide valuable coverage for the various exposures you face. Furthermore, in Australia, if your fund engages with retail investors (as defined by the Corporations Act 2001), the entity needs to hold a Professional Indemnity policy which complies with RG126 requirements.
As a director or officer, you can be held under scrutiny from your company stakeholders and regulators. Actions you undertake in the course of your employment can put you at risk of being held personally liable. Even if you aren’t ultimately found to be liable, the cost of defending yourself can be significant.
Our team of insurance experts can help you protect yourself, as a director or officer, from reputational or financial costs. Directors & Officers Liability provides cover for claims against the directors, officers or employees (insured persons) of the company (insured organisation) for any actual or alleged act, error, omission, breach of duty, breach of trust, breach of authority, misstatement or misleading statement by them.
We all know that cyber crime and extortion is a global issue, but it is now affecting more and more Australian businesses of all sizes and across all industries. Getting the right Cyber Insurance can be an invaluable tool to help you recover more swiftly and effectively in the event of an attack.
Cyber insurance is a form of cover designed to protect your business in the event of your data or systems being compromised by a threat actor. It is now more important than ever to protect your business against cyber crime through robust procedures, technology, and insurance.
It is no secret that fraud can cause significant damage to a company’s cashflow and profitability, not to mention investor confidence and company reputation. It is important to get the right protection for a whole range of evolving fraud risks.
Crime insurance protects you against money, goods, securities, stock, property or funds being stolen by third parties and even your own employees. Crime insurance also protects you and your business against the theft of clients’ money or property for which you are responsible.
With our growing claims experience and reputation, we provide timely, hands-on claims oversight. We focus on risk management strategies and strategic claims analysis to mitigate future losses.
Our clients receive access to dedicated claims advisors, who provide technical expertise in all aspects of the claims discipline for all lines of coverage.
Our claims advocates have the expertise to manage large, complex, or contentious claims, helping ensure favorable outcomes by leveraging our expertise and market relationships.
Transaction liability insurance is a very valuable tool for merger and acquisition deal facilitation, for both private equity firms and strategic buyers and sellers.
It serves as a risk management tool that transfers the risk of losses from the seller to a third party. This reduces or removes exposure by the buyer to any breaches of the warranties provided.
We provide tailored insurance solutions designed to facilitate and support merger and acquisition transactions. Our solution includes Warranty & Indemnity Insurance, Tax Liability Insurance, Environmental Insurance, Litigation Insurance, Contingent Liability Insurance and Public Offering of Securities/IPO Insurance.
We are an insurance partner: recognising every client has unique risks and concerns. We take the time to find the right protection for you.
Please get in touch to discuss your business and commercial insurance requirements or for a free, no obligation quote.