Everest Risk Group

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About Everest Risk Group

Everest Risk Group is a specialist in IMI insurance broker and adviser for Financial Services firms. We have over 100 clients with an Australian Financial Service Licence (AFSL) and understand this segment thoroughly.

As an investment manager, it is important to understand the risks that come with managing assets.

IMI is a suite of insurance covers that are specifically designed to protect financial services licensees and their employees & Directors against potential legal and financial risks. This type of insurance policy offers comprehensive coverage to help investment managers safeguard their business and assets.

There are three main sections that make up an IMI policy: Directors’ and Officers’ Liability (D&O), Professional Indemnity (PI), and Crime.

Directors’ and Officers’ Liability (D&O) coverage is essential for any investment manager. This coverage protects the personal assets of the company’s directors and officers in the event of a claim alleging wrongful conduct, such as a breach of fiduciary duty, negligence and defamation.

Professional Indemnity (PI) coverage is also an important part of an IMI policy. This coverage protects investment managers against claims of professional negligence or misconduct, such as errors and omissions, which result in financial losses for their clients. In the event of such a claim, PI coverage can help to cover the cost of legal fees and any settlements or damages that may be awarded.

Finally, Crime coverage provides protection against fraudulent or criminal activities committed by employees or third parties. This coverage can help investment managers recover losses resulting from crimes such as embezzlement, theft, or forgery.

With a comprehensive insurance policy in place, investment managers can focus on growing their business and providing the best possible service to their clients, without the fear of financial losses resulting from legal or regulatory actions.