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Financial Institutions Professional Indemnity
CFC
  • No contract required
Max Coverage AUD 5M Min Premium AUD 5K/Year

Coverages: Crime | Cyber | Directors and Officers Liability | Employment Practices Liability | Professional Liability

Financial Institutions Professional Indemnity insurance from CFC protects financial firms against claims of negligence, errors, or omissions in their professional services. Designed for banks, asset managers, and other financial entities, it covers legal costs and compensation payouts. With tailored coverage and expert claims support, it helps safeguard a firm’s reputation and financial stability in the face of client disputes or regulatory scrutiny.

Financial Lines
High Street Underwriting Agency
  • Docs available F
  • No contract required
Max Coverage AUD 5M Min Premium AUD 500/Year

Coverages: Professional Indemnity

High Street Underwriting Agency offers comprehensive Financial Lines Insurance solutions across the professional indemnity sector. These products are designed to protect businesses from various financial risks, ensuring operational continuity and peace of mind. For personalised assistance. To discuss specific coverage needs, connect with High Street’s dedicated team through their portal. 

Transaction Liability - Secondary Liquidity Solutions
CFC
  • No contract required
Max Coverage AUD 50M Min Premium AUD 100K/Year

Coverages: Representations and Warranties

CFC’s Secondary Liquidity Solutions insurance supports private equity firms and investors during secondary transactions by protecting against unknown liabilities in legacy portfolios. It offers coverage for tax, legal, and regulatory risks, enabling cleaner exits and smoother capital returns. Tailored for complex deals, this policy enhances transaction certainty, safeguards investor interests, and supports strategic portfolio management in an evolving secondary market landscape.

Investment Managers
CFC
  • No contract required
Max Coverage AUD 5M Min Premium AUD 8K/Year

Coverages: Crime | Cyber | Directors and Officers Liability | Employment Practices Liability | Professional Indemnity

Investment Managers insurance from CFC is tailored to protect asset and fund managers from risks such as professional negligence, regulatory investigations, and cyber threats. It combines professional indemnity, directors and officers (D&O), and cyber coverage into one streamlined policy. With expert claims support and comprehensive protection, it helps investment firms operate confidently while managing complex financial responsibilities and evolving regulatory demands.

Fintech
CFC
  • No contract required
Max Coverage AUD 5M Min Premium AUD 5K/Year

Coverages: Crime | Cyber | Directors and Officers Liability | Employment Practices Liability | Professional Indemnity | Property and Casualty

CFC's Fintech Insurance provides tailored coverage for businesses at the intersection of finance and technology. This modular policy combines essential protections, including Errors and Omissions (E&O) for financial and tech liabilities, cyber risk, and crime coverage. Key features encompass enhanced cyber protection with incident response services, crime coverage addressing social engineering and client fund theft, and breach of contract coverage.

Commercial Legal Protection
CFC
  • No contract required
Max Coverage AUD 100K Min Premium AUD 400/Year

Coverages: Legal Expenses

CFC's Commercial Legal Protection insurance provides businesses with access to professional legal advice and covers the costs of pursuing or defending claims, helping to manage the financial risks of litigation. Key features include access to free legal advice, defense and pursuit cover, and a broad appetite across various business matters.

Accountants PI
Edge Underwriting Pty Ltd
  • Docs available A P
  • No contract required
Max Coverage AUD 10M Min Premium AUD 1K/Year

Coverages: Professional Indemnity

Edge Underwriting offers Professional Indemnity (PI) insurance for accountants, providing comprehensive civil liability coverage underwritten with 100% Lloyd's security. The policy includes protection against contractual breaches, intellectual property rights infringement, and liability arising from virus and hacking incidents. Additionally, it covers costs for reputation and brand protection, as well as reimbursement for withheld fees to mitigate potential larger claims.

Investment Managers
DUAL Australia
  • Docs available A S P
  • No contract required

Coverages: Crime | Damages and Fines | Directors and Officers Liability | Employment Practices Liability | Professional Indemnity

DUAL Australia's Investment Managers insurance is tailored for Australian investment management firms, combining multiple coverage sections into a single, easy-to-transact policy. It addresses unique risks faced by investment managers, offering protection against professional indemnity, directors and officers liability, employment practices liability, statutory liability, and crime protection. This comprehensive solution provides convenience and peace of mind to investment management professionals.

Wholesale
Agile Underwriting Services
  • No contract required

Coverages: Hard to Place Liability

Agile Underwriting Services specializes in placing hard-to-place, difficult, and distressed risks through their Wholesale division. Leveraging deep connections with Lloyd's in London, they source capacity for clients facing reduced cover or capacity in the market. Their expertise encompasses a range of risks, including Financial Institutions, Professional Indemnity, Directors and Officers for ASX Public Companies, and Cyber risks for businesses with over $500 million in revenue. 

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What is finance insurance? 

Finance insurance covers specialised policies that protect financial institutions, professionals, and businesses from unique risks. These exposures may include operational failures, legal liabilities, cyberattacks, or other unforeseen disruptions. In Australia, finance insurance plays a critical role in maintaining financial stability and ensuring compliance with strict regulatory standards. 

Policies under this insurance are designed to address specific sector needs, including areas such as professional indemnity, directors and officers liability, and cyber security. This coverage provides financial institutions with a safety net and enables them to focus on operational growth without fear of unexpected setbacks. Finance insurance helps build trust, mitigate financial risks, and support businesses in navigating Australia’s complex economic environment. 

Finance insurance industry trends and emerging risks 

The finance insurance sector in Australia is undergoing significant changes driven by technological advancements and growing regulatory pressures. Businesses are increasingly reliant on digital platforms, which introduce risks like cyberattacks and data breaches. Brokers must stay informed of these trends to offer comprehensive and relevant solutions to their clients. Areas to focus on include: 

  • cybersecurity threats: the growing reliance on technology makes cyber liability insurance indispensable for financial institutions 

  • regulatory reforms: meeting APRA and ASIC standards, such as CPS 234 (Information Security), requires ongoing updates to policies 

  • nature-related risks: reports highlight the insurance industry's role in lowering risks related to biodiversity loss and environmental degradation 

Technological advances, like AI and analytics, are transforming how insurers assess and manage risks, enabling more precise and customised solutions for businesses. Brokers who stay ahead of these finance insurance developments can guide clients in addressing emerging challenges and meeting compliance requirements. Aligning policies with current trends enhances client relationships and supports long-term success. 
 

Finance insurance FAQs 

What type of insurance do most lenders require? 

Lenders in Australia typically require Lenders Mortgage Insurance (LMI) for borrowers with deposits under 20% of a property's value. This protects the lender if the borrower defaults.  

Other common requirements include income protection insurance to ensure borrowers can meet their repayments in case of illness or unemployment. These policies provide financial security for lenders and borrowers alike, fostering trust within the market. 

What insurance do I need for finance? 

A financial adviser in Australia might need professional indemnity insurance to protect against claims of negligence. For example, a client might allege financial loss due to incorrect investment advice. However, the right financial insurance depends on individual or business needs. 

Key finance insurance options for individuals 

  • income protection insurance: includes income loss because of illness or injury 

  • cyber liability insurance: protects against financial losses from cybercrime or identity theft 

Essential coverage for businesses 

  • management liability insurance: shields directors and officers from claims related to wrongful acts 

  • public liability insurance: covers third-party claims for injuries or property damage 

  • business interruption insurance: compensates for income loss caused by operational disruptions 

Specialised policies for accountants or mortgage brokers cover threats specific to their work. Picking the right insurance helps meet regulations and protect finances in Australia. 

What does insure mean in finance? 

To insure in finance means transferring the risk of monetary loss to an insurer in exchange for premiums. It provides protection against risks like fraud, operational failures, or legal claims. Finance insurance guarantees businesses remain stable and resilient, even in challenging circumstances, by safeguarding critical financial processes and assets. 

How does finance insurance help protect clients? 

Financial services insurance shields clients from unexpected losses by ensuring financial stability and legal compliance. It covers liabilities, disruptions, and regulatory fines and helps minimise risks that could jeopardise operations. For example, professional indemnity insurance protects advisors from negligence claims, while cyber insurance mitigates data breach impacts, enabling businesses to recover efficiently. 

Who typically needs finance insurance coverage? 

Finance insurance is vital for sectors like banking, financial advising, and more, protecting against operational, legal, and financial risks. In Australia, regulatory demands and market complexities heighten the need for bespoke policies. Key groups needing this type of insurance include: 

  • banks and credit unions: safeguard assets against fraud, cyberattacks, and regulatory breaches 

  • financial advisers and planners: protect against negligence claims with professional indemnity insurance 

  • accounting firms: address liability risks from financial errors or advice 

  • small businesses: manage risks tied to loans, investments, and transactions 

  • rural professionals: require coverage for region-specific hazards and compliance 

High-net-worth individuals also use finance insurance to protect investments and ease risks in complex portfolios. Tailored policies make sure that coverage meets the diverse needs of all stakeholders in Australia.