Investment Managers Liability Insurance

What is it?

At Cooper Professional Risks (CPR), we understand the complex nature of investment management. The regulatory environment continues to expand and the potential exposure faced by an investment manager continues to increase. The pressure on Investment Managers to meet their clients expectations creates enormous demands which can lead to mistakes.
Therefore a specially tailored liability cover fully catering for the Investment Management type professions is offered by a number of insurers which we can on your behalf.

Who can be covered?

• equity/fixed interest/diversified fund managers
• funds managers
• venture capital fund managers
• asset allocation consultants
• research houses
• private equity fund managers
• property/infrastructure fund managers
• hedge fund managers.
Types that are difficult to obtain cover include mortgage fund managers and agriculture fund managers.

How is it covered?

Insurers may bundle together up to five primary insuring clauses in any combination with limits either shared or separated into the following:
• Directors and Officers Liability
• Company Reimbursement
• Entity Securities
• Professional Indemnity
• Crime/Fidelity
The professional indemnity will normally cover the creation, operation and management of an investment structure, funds managed under instruction, marketing of investment structures or authority, portfolio management and asset allocation services, professional supervision, administration, custodial or registry services, responsible entity or trustee services and any publications.

Crime cover includes internal (employee related) crime and external (third party related crime). External can include theft, forgery, fraudulent alteration, counterfeiting and computer fraud.

Who can help?

An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge. Call a good one.
Call CPR – Experts who will save you.

Latest News

Illegal or unsuitable cladding now a big issue

Why we have laws, regulations and Australian standards? Because some people just do the wrong thing all for the sake of making money. The cladding issue is the subject of 4 Corners program on the ABC.

We are already seeing Insurance policies now placing exclusion endorsements into their policies excluding and claims relating to illegal cladding. We are seeing Governments demanding Audits of all existing buildings above a certain height. There are accusations of Builders taking other short cuts such as on Wiring, Pipes and sprinkler systems. 

The question is, who is to blame? Who will take responsibility?

read more

Small business in NSW

Right after the NSW Government have reimposed Fire Service Levies, they have at least made an effort for small business. The government has announced it will abolish stamp duty on a number of policies taken out by a small business. This is an important change.

What is a small business? In order to gain the exemptions, the business must be a small business for Capital Gains Tax Purposes for the income year in which the insurance is effected or renewed. A small business for CGT purposes is: “an individual, partnership, company or trust that is carrying on a business, and has an aggregated turnover of less than $2 million.”

read more