Regulatory activity in Australia is increasing due to higher levels of public scrutiny, greater accountability for corporate wrongdoing and such activity is now accompanied by tougher regulatory enforcement powers to investigate and enforce the law. Proceedings can be costly and high profile, particularly when details of alleged wrongdoing are made public, and may lead to heavy fines, enforceable undertakings or reputational harm.
Liberty’s “Business Practices Policy” (BPP) covers the Insured’s legal liability arising from the receipt of a written or verbal notice from a regulatory authority which alleges a wrongful breach of legislation, and imposes a penalty that the Insured is liable to pay. Subject to the terms and conditions, BPP pays on behalf of the Insured its costs arising from a written legal obligation to attend an Inquiry in connection with the business.
Liberty’s BPP policy is unique in being a claims-led product, so it has the ability to showcase Liberty’s Claims Value Proposition to clients at a time when they need it the most.
At a glance:
In addition, Liberty’s “Claims+” service can provide:
Our Underwriting Team
I manage the national commercial D&O portfolio and work with our broking partners to tailor solutions in this complex market.
Our Underwriting Team
With my actuarial background, I have an in-depth understanding with a big-picture perspective of our clients' evolving risk exposure.
Our Underwriting Team
I enjoy tailoring solutions for clients in our Financial Institutions and Commercial D&O segments.
Our Underwriting Team
With over two decades of experience, I know the tripartite relationship between broker, client and insurer is important to every underwriting decision and it builds strong, enduring partnerships.
