Specialist insurance brokers providing financial services insurance for firms, advisors, and consultants who need customised insurance programs.
Specialist insurance brokers providing financial services insurance for firms, advisors, and consultants who need customised insurance programs.
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Financial services firms require tailored advice to ensure they have industry-specific protection in a highly regulated and dynamic sector.
Understand the specialised coverages and extensions that financial services insurance provides. We’ll guide you through policy options suited to the specific regulatory and operational needs of your firm.
Unlike general insurance, a robust financial services insurance policy can be structured to meet the compliance requirements in ASIC’s Regulatory Guides 126 and 210.
Our team can design a financial services insurance plan that meets your firm’s unique requirements.
Contact us to receive customised recommendations on your coverages and program.
Key Coverages & Policy Conditions
Essential coverage features for financial services firms.
The following key coverages and policy conditions offer comprehensive protection for financial services firms, addressing a range of potential risks.
Broad Civil Liability Insuring Clause
Indemnifies insured organisations and insured persons and does not tie to negligence or breach of professional duty.
Self-Report, Internal Inquiry & Professional Inquiry Costs & Expenses
Costs and expenses of preparing a self-report, participating in an internal inquiry or appearing at an industry-wide.
ASIC Administrative Action
Appeal costs & expenses – costs and expenses of the appeal, to a tribunal, of administrative action brought by ASIC suspending or cancelling an AFS licence, or issuing a banning order prohibiting an insured person from providing financial services.
External Dispute Resolution
For claims brought under an ASIC Approved External Dispute Resolution Scheme such as the Credit Ombudsman Service Limited or Financial Ombudsman Service Scheme. Cover is not sub limited but the excess will apply to each claim determined or settled under such a scheme.
Contractual Liability
For liability the insured incurs under an indemnity or hold harmless term of a contract to the extent that such liability results from the insured’s performance of professional services.
We understand that the financial services sector is a very broad industry that demands specific needs depending on each firm’s operations.
We specialise in financial services insurance that caters to the broad and diverse needs within the industry, including these types of firms:
Stockbroking
Property Funds
Corporate Secretarial
Corporate Advisors
Fund Managers
Trustees & Custodians
Private Equity
Venture Capital
Merchant Banks
Give us a call, send us an email, or chat with us now.
Let us tailor a solution for your specific requirements to help you get the most appropriate and cost-effective cover you need today.
Why Do Firms Choose KBI for Financial Services Insurance?
Expertise in ASIC Compliance
We understand ASIC’s RG 126 and which insurers provide coverages that comply with its requirements and protect against the associated risks.
Tailored Coverage from Specialist Insurers
We have built relationships with specialised insurers that focus on Financial Institutions and provide customised coverage to suit the specific needs of each consultant.
Professional Indemnity Claims Expertise
We are specialists in Professional Indemnity and managing the claims and notification processes.
Comprehensive Risk Profiling
We provide complete insurance risk profiles customised to each client, outlining which risks are transferred and which risks are self-insured.
Customised Insurance Solutions
We provide complete insurance risk profiles customised to each client, outlining which risks are transferred and which risks are self-insured.
Guidance for Informed Decisions
We help clients make an informed decision by answering the following questions:
Fill in the contact form to request some advice and a tailored quote, or click the button below to find out more about us.
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