Search for insurance help

What is Investment Managers Insurance

Everest Risk Group provides comprehensive Investment Managers Insurance (IMI) to Australian Financial Services (AFSL) Sector in Sydney and Australia wide.

Everest Risk Group is a specialist in IMI insurance broker and adviser for Financial Services firms. We have over 100 clients with an Australian Financial Service Licence (AFSL) and understand this segment thoroughly.

As an investment manager, it is important to understand the risks that come with managing assets.

IMI is a suite of insurance covers that are specifically designed to protect financial services licensees and their employees & Directors against potential legal and financial risks. This type of insurance policy offers comprehensive coverage to help investment managers safeguard their business and assets.

There are three main sections that make up an IMI policy: Directors’ and Officers’ Liability (D&O), Professional Indemnity (PI), and Crime.

Directors’ and Officers’ Liability (D&O) coverage is essential for any investment manager. This coverage protects the personal assets of the company’s directors and officers in the event of a claim alleging wrongful conduct, such as a breach of fiduciary duty, negligence and defamation.

Professional Indemnity (PI) coverage is also an important part of an IMI policy. This coverage protects investment managers against claims of professional negligence or misconduct, such as errors and omissions, which result in financial losses for their clients. In the event of such a claim, PI coverage can help to cover the cost of legal fees and any settlements or damages that may be awarded.

Finally, Crime coverage provides protection against fraudulent or criminal activities committed by employees or third parties. This coverage can help investment managers recover losses resulting from crimes such as embezzlement, theft, or forgery.

With a comprehensive insurance policy in place, investment managers can focus on growing their business and providing the best possible service to their clients, without the fear of financial losses resulting from legal or regulatory actions.

As with any insurance policy, it is important to work with a trusted insurance broker who can help you understand the nuances of the coverage offered and ensure that you are adequately protected. An experienced insurance broker can help you select the right policy for your business, negotiate the best possible terms, and provide ongoing support in the event of a claim.

At Everest Risk Group Pty Ltd, we work with our customers to present your individual risk profile to potential insurers in the best possible light. A proposal form alone is not enough to secure the best coverage or premium outcomes. Our tailored approach to understanding the Licensee’s business intimately and conveying that detail to the insurance market achieves superior and timely negotiated outcomes on both coverage and premium pricing. The goal always being to present your practice as superior risk to the rest.

Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of wrongful acts in the management of the business.

A business insurance pack can provide cover for your business premises and contents, against loss, damage, theft or financial loss from an insured interruption to the business.

Purchase up to six products under one Business Insurance Package. 

At Everest Risk Group Pty Ltd, we work with our customers to present your individual risk profile to potential insurers in the best possible light. A proposal form alone is not enough to secure the best coverage or premium outcomes. Our tailored approach to understanding the Licensee’s business intimately and conveying that detail to the insurance market achieves superior and timely negotiated outcomes on both coverage and premium pricing. The goal always being to present your practice as superior risk to the rest.

To discuss these matters in more depth or obtain a complimentary review of your current PI insurance program, please call Robert Huntley on 0417 546 052 find him on LinkedIn.
General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.


Everest Risk Group Pty Ltd, ABN 9710698462318, AFSL 240549

This article originally appeared on Everest Risk Group News and has been published here with permission.

Related articles

Comments (0)

Related insurance brokers

Review rating
6 reviews

Featured Featured

Joe Daley

AJ Insurance Services

  • Typically replies within
    a few minutes
  • Review rating
    16 reviews

    Featured Featured

    Shane Brady

    Stone Lane Broking & Risk Advisory

  • Typically replies within
    a few minutes
  • Review rating
    58 reviews

    Featured Featured

    Laura Meyer

    MeyerInsure

  • Typically replies within
    a few hours