Our Services
Our Services
Financial Lines Insurance Broking Services
Insurance legal services
Financial lines insurance broking services:
01
Professional indemnity (PI) insurance
We arrange cover for professionals against all claims of negligence, errors, or omissions in the course of their professional services.
We specialise in PI for building professionals such as engineers, architects, building surveyors and other building and property professionals such as real estate agents and valuers.
We also have substantial experience with PI for financial professionals including financial advisers, AFSL holders and insurance brokers.
We also regularly advise and arrange technology professional PI insurance and we understand the unique coverage needs to ensure legal risks are properly addressed.
We also arrange public liability insurance to complement the risk of personal injury and property damage claims that do not arise from the delivery of professional services. This is critical to make sure both policies dovetail to minimise gaps in cover.
Our legal expertise means we understand the different causes of action that arise in different industry sectors and legal nuances of policy language that make a difference when a claim is made.
02
Directors’ and officers’ liability insurance
Directors’ and officers’ liability insurance protects individuals in director and executive positions against personal losses and legal expenses incurred because of alleged wrongful acts, mismanagement, or decisions made during their leadership responsibilities.
Here we safeguard personal assets and aid in attracting qualified individuals to serve in such roles.
03
Employment practice liability insurance
We shield businesses and employers from legal costs and damages associated with claims of wrongful employment practices. This includes allegations of discrimination, harassment, wrongful termination, or other employment-related issues.
We not only find a cover, or draft existing policies to protect the financial well-being of your company and its leadership, but we can refer to our partners who can provide legal advice on the growing complexity of employment law risks.
04
Financial advisers’ professional liability insurance
Financial advisers’ professional liability insurance offers coverage to financial advisers and firms against claims of negligence, errors, or inadequate advice in the provision of financial services.
We are experienced at protecting against legal actions brought by clients who may suffer financial losses due to alleged professional shortcomings, offering financial security to both advisers and their clients.
05
Cyber liability insurance
We find optimal coverage to protect your organisation or professionals in the face of evolving cyber risks. We understand the critical importance of securing sensitive data, financial assets, and maintaining business continuity.
We seek out the optimal coverage options to suit the unique needs of your business. Whether you are a small enterprise or a large corporation, we tailor our policies to address your specific cyber risks and vulnerabilities. This includes features like data breach protection, business interruption from cyber threats, legal and regulatory assistance, incidence response as well as assisting you with finding preventative measures such as risk management guidance and continuous monitoring and updates to help you stay ahead of evolving threats to your business.
06
Renewal strategy
Our renewal strategy service is a meticulous process (after undertaking a deep understanding of your business) which involves assessing existing policies, negotiating terms with insurers, and formulating a strategic plan to optimise coverage while minimising costs.
Depending on your needs we may refer you for legal advice to re-draft your professional service retainer or contract, draft or review a deed of access and indemnity or provide other risk management or legal advice.
We evaluate your operational environment, considering any legal or risk considerations, as well as whether your circumstances have changed or may change in the duration of your policy.
Insurance legal services:
In addition to financial lines insurance broking services, we know the triggers that require additional services of our partners.
This includes referral for legal advice from our partner BU Lawyers, some of the following are common areas where insurance issues require legal advice:
01
Notification of claims and circumstances
Legal advice can be necessary to advise on notification of claims made circumstances or claims. Understanding section 54 and section 40 (3) of the Insurance Contracts Act 1984 (Cth) can require legal advice notifying your insurer of a potential circumstance or a claim is very important.
This service ensures that any potential issues are promptly communicated, allowing for timely investigation and appropriate action to mitigate potential risks or liabilities.
02
Legal defence
If you find yourself in need of defence against a claim, we are well-equipped to assist you in choosing appropriate legal representation. Our approach provides a distinctive and valuable alternative to opting for the preferred lawyers of an insurance company. Just as we bring unique advantages to our regular insurance policy negotiations, we extend this specialised service to selection of legal counsel.
We can also pre-select legal counsel in advance during the renewal phase of your policy, ensuring that you’re protected and aware of who will act for you in advance to ensure you have certainty of trusted counsel in advance.
03
Legal advice at policy renewal and run off cover
- Obtain legal advice at renewal on:
- a claim; and
- a policy wording issue; and
- drafting a policy wording term in negotiations with insurers; and
- advising on; and
- drafting amendments to professional service contracts with your clients to reduce underlying legal risk; and
- notification of circumstances and claims; and
- Provide legal advice on winding up your business so you can confidently understand the issues associated with run off cover.
- Legal advice on various other issues including litigation, settlements and case law to ensure you are structuring limits of indemnity and coverage to best suit your needs.