Investment Managers Insurance

Protection In Uncertain Times

Investment Management and Fund Management is a complex beast. The pressure to perform from clients and the ever increasing regulatory requirements and compliance guidelines creates significant demands on the time and resources of investment managers.

Investment Managers Insurance (or IMI Insurance) has been developed to meet these complex requirements in an effective and efficient manner by combining Professional Indemnity, Directors & Officers Liability and Crime cover into one policy cover.

Typical broad exposures of a Investment Managers covered under an Investment Managers Policy include:

  • Violations of investment management contracts;
  • Mismanagement or failure to supervise, for example where a Responsible
  • Entity appoints a rogue portfolio manager;
  • Non fraudulent misrepresentation, for example, failure to clearly specify tax implications of investments;
  • Liabilities that arise under the Managed Investments Act, such as:
    the statutory responsibilities set out for the Responsible Entity under Section 601FC;

    • the liability of the Responsible Entity for the acts and omissions of its external custodian or its auditors, and
    • the responsibility of Directors to ensure that the terms of the insurance cover affected by the Responsible Entity are adequate.

The Hospitality industry faces multiple insurable risks that arise out of a wide range of responsibilities to your customers, your staff, your partners, suppliers, and even to the Government.

McKenzie Ross recognises that each hospitality business is unique and that your insurance and risk management requirements need tailored to your specific needs. Our hospitality insurance specialists will work with you to understand your business and ensure you have a robust, tailored and comprehensive risk transfer program that is both cost-effective and covers you when you need it to.

Who can be covered?

  • Equity / fixed interest / diversified fund managers
  • Fund of funds managers
  • Venture capital fund managers
  • Asset allocation consultants
  • Research houses
  • Private equity fund managers
  • Property / infrastructure fund managers
  • Hedge fund managers
  • Mortgage fund managers
  • Agriculture fund managers.

Need guidance on the type of commercial insurance product or service that’s best for you? Talk to our commercial & business insurance brokers – Call us on (03) 9691 2222

Key Benefits Of Using McKenzie Ross

High level assurance that risks are transferred where intended.

A greater understanding of the risks retained in your organisation, some of which may require alternative management methods.

A formal process of risk identification that demonstrates good corporate governance to stakeholders.

Linkage between insurance and your organisation’s overall process for risk management.

Enhanced ability for ‘insurable’ risk to be transferred to insurance markets in the best possible light by demonstrating sophistication in identification and analysis.