What is Prospectus Liability Insurance?

Prospectus Liability Insurance (Public Offering Of Securities Insurance, Initial Public Offering Insurance) is designed to provide coverage for claims arising out of misleading or inaccurate information in a prospectus. Cover can be provided either under an annual Directors and Officers liability policy (smaller raisings) or under a separate stand-alone multi-year policy (larger raisings).

Why do I need Prospectus Liability Insurance?

A prospectus contains detailed financial information about the entity, its proposed objectives and strategies and Directors, Officers, Employees and the Company have a responsibility as to the accuracy and representations therein.

As investors rely on the information therein to make their investment decisions, a carefully constructed Prospectus Liability Insurance policy will provide protection to both the Directors, Officers, Employees and the Company, against claims by shareholders.

How Perrymans can help with Prospectus Liability Insurance?

Perrymans can assist you by working through your Prospectus Liability risk and then develop cover according to these requirements.

We will advise and guide you so as to present your risk in the best possible light and then market your Prospectus Liability risk through our recommended markets to create competition. We will then analyse results, advise you of the alternatives, make recommendations, negotiate final terms and placement of your Prospectus Liability cover.

We will work with you to achieve successful Prospectus Liability claims outcomes.

For more information, enquiries or advice on our Prospectus Liability insurance services, please contact Perrymans today.

What is Professional Indemnity Insurance?

Professional Indemnity Insurance provides protection for professionals for legal costs and claims for damages to third parties, which have arisen as a result of the advice or services that have been provided.

Why Do I Need Professional Indemnity Insurance?

Professionals are required by law to render advice or perform services to a certain “standard of care.” Failure to do so can result in a liability for losses arising out of that advice or the services provided.

Additionally, Professional Indemnity Insurance may be required for contractual, legislative or membership purposes.

A correctly structured Professional Indemnity cover provides professionals with protection for claims by a third party for actual or alleged damages arising from their professional advice or services, including the associated legal costs together with meeting any contractual, legislative or membership requirements.

How can Perrymans help with Professional Indemnity Insurance?

Perrymans can assist you by interpreting your Professional Indemnity risk, including any contractual, legislative or membership requirements, and can then develop your cover according to these requirements. We will provide advice and guide you so as to present your risk in the best possible light and market your Professional Indemnity risk through our extensive range of local and overseas markets to create competition.

We will then analyse the results, advise you of the alternatives, make recommendations, and negotiate the final terms and placement of your Professional Indemnity cover.

We will assist you with reviews of contracts (see contract reviews) in addition to working with you to achieve successful Professional Indemnity Insurance claims outcomes.

For more information, enquiries or advice on our professional indemnity insurance services, please contact Perrymans today.

What is Information Technology Insurance?

Information Technology Insurance (IT Liability Insurance) is a combined professional indemnity and public and product liability insurance cover. IT Liability Insurance provides protection for IT professionals and product suppliers for legal costs and claims for damages to third parties arising out of the delivery of the advice, services and products.

As a combined professional indemnity and public and product liability insurance cover, Information Technology Insurance can cater for those providing professional advisory services only, or advisory, supply of product including modification and/or installation services.

Why Do I Need Information Technology Insurance?

Today, businesses are highly dependent on their IT consultants and products to conduct business. In the event of an IT failure, businesses are often unable to operate and therefore may suffer a loss. Invariably they will seek to recover any losses from their IT consultant or supplier.

Given the potential for disputes over whether the claim involves a professional service, the provision of a product or a combination of both, a correctly structured Information Technology Insurance scheme provides the necessary protection.

How can Perrymans help with Information Technology Insurance?

Perrymans can assist you by interpreting your Information Technology risk, including any contractual, legislative or membership requirements, and will then develop cover according to these requirements. We will advise and guide you so as to present your risk in the best possible light and then market your Information Technology risk through our extensive range of local and overseas markets to create competition. We will then analyse results, advise you of the alternatives, make recommendations, and negotiate final terms and placement of your Information Technology cover.

We will assist you with reviews of contracts (see contract reviews) in addition to working with you to achieve successful Information Technology claims outcomes.

For more information, enquiries or advice on our Information Technology insurance services, please contact Perrymans today.

What is Management Liability Insurance?

Management Liability Insurance provides broad protection for small to medium size businesses for risks that Directors, Officers and Companies face, such as:

• Actual or alleged wrongful acts
• Employment matters (such as harassment and wrongful dismissal)
• Fines and penalties (such as work health & safety fines & penalties)
• Financial loss arising out of fraudulent or dishonest acts (theft of company property, including money)
• Tax audit expenses

Why Do I Need Management Liability?

All business owners and businesses, regardless of their size, face a range of potential exposures. The liabilities are no different to those faced by anyone running public companies. Owners and operators, including managers of these businesses, irrespective of whether they are involved on a day-to-day basis, can be held personally liable for the acts and incidents arising out of the management of a business. The liability can occur not only as a result of your own actions, but that of your fellow directors, managers and employees.

Allegations such as misleading and deceptive conduct, unfair competition, breaches of workplace safety, discrimination, harassment, misappropriation of trade secrets, breach of fiduciary duty and insolvent trading from creditors, employees, customers and regulators are commonplace.

In addition to covering the above scenarios, Management Liability provides further additional protection for risks such as Fines and Penalties (where permitted by law) for such issues as workplace safety, financial Loss arising from dishonest acts and tax audit expenses.

Invariably a business owner’s financial health is tied to their business and therefore a correctly structured Management Liability policy provides business owners, directors, officers and the businesses with comprehensive protection against the risk of operating and managing a business.

How can Perrymans help with Management Liability Insurance?

Perrymans can assist you by working through your Management Liability risk and then develop cover according to these requirements. We will advise and guide you so as to present your risk in the best possible light and then market your Management Liability risk through our recommended markets to create competition. We will then analyse results, advise you of the alternatives, make recommendations, negotiate final terms and placement of your Management Liability cover.

We will work with you to achieve successful Management Liability claims outcomes.

For more information, enquiries or advice on our Management Liability insurance services, please contact Perrymans today.

What is Directors and Officers Liability Insurance?

Directors and Officers Liability Insurance (D&O Insurance) provides protection to:

• The Directors and Officers of a company (commonly referred to as Side A Cover)
• The Entity for reimbursement for losses or advancement of defence costs (commonly referred to as Side B Cover)
• The Entity in respect of its corporate liability, arising out of securities claims (commonly referred to as Side C Cover) in the event an insured suffers loss as a result of a legal action brought for alleged wrongful acts

Why Do I Need Directors and Officers Liability Insurance?

Directors and Officers can be held personally liable for breaches of the Corporations Act.  The Corporations Act is an extremely complex piece of law and the ability for Directors and Officers to be aware of all their obligations thereunder is difficult.

The liability can occur not only as a result of a Directors own actions, but also that of a fellow Directors action, such as misleading and deceptive conduct, unfair competition, breaches of workplace safety, discrimination, harassment, misappropriation of trade secrets, breach of fiduciary duty and insolvent trading from creditors, employees, customers and regulators are commonplace.

Whilst some companies may indemnify their Directors and Officers (where permitted by law), the impact of an indemnity may have a considerable impact on its bottom line and therefore shareholder returns.

A correctly constructed Directors & Officers Liability insurance provides protection not only for judgements and settlements but also investigative, inquiry and often very substantial legal defence costs.

How can Perrymans help with Directors and Officers Liability Insurance?

Perrymans can assist you by working through your Directors & Officers Liability risk and then develop cover according to these requirements.

We will advise and guide you so as to present your risk in the best possible light and then market your Directors & Officers risk through our recommended markets to create competition. We will then analyse results, advise you of the alternatives, make recommendations, negotiate final terms and placement of your Directors & Officers cover.

We will work with you to achieve successful Directors & Officers Liability claims outcomes.
For more information, enquiries or advice on our Directors & Officers Liability insurance services, please contact Perrymans today.

What is Investment Managers Insurance?

Investment Managers Insurance (IMI Insurance) is a combined Directors and Officers Liability, Professional Indemnity, and Crime Policy that provides tailored protection for Responsible Entitites, Investment and Fund Managers.

Why do I need Investment Managers Liability Insurance?

Responsible entities, investment managers and fund managers are subject to considerable regulations and exposure. Directors, officers, managers and staff can be held personally liable for any exposure arising out of the management of these entities and funds.

A carefully constructed Investment Managers Liability Insurance policy will provide protection to both the organisation and the individuals against claims for acts, errors, omissions, breaches of duty, trust or authority, fraud, dishonesty and theft of funds in the conduct of investment related services.

How can Perrymans help with Investment Managers Insurance?

Perrymans can assist you by working through your Investment Managers Liability risk and then develop cover according to these requirements.

We will advise and guide you so as to present your risk in the best possible light and then market your Investment Managers risk through our recommended markets to create competition. We will then analyse results, advise you of the alternatives, make recommendations, negotiate final terms and placement of your Investment Managers cover.

We will work with you to achieve successful Investment Managers Liability claims outcomes.
For more information, enquiries or advice on our Investment Managers Liability insurance services, please contact Perrymans today.

What is Life Sciences Insurance?

Life Sciences Insurance provides protection to the Biotech, Biologic, Pharmaceutical, Healthcare Information, Medical Device, Medical Research, including clinical trials, sectors through a combined Public & Products Liability and Professional Indemnity Policy.

Why do I need Life Sciences Insurance?

Life Sciences businesses face a unique set of risks, ranging from the actions of regulators, the failure of the services or products, through to exposures such as challenges of breaches of intellectual property.

A carefully constructed Life Sciences program can provide the necessary protection to businesses involved in Pharmaceutical Discovery, Manufacturing, Research & Development and Sales, Medical Device Manufacturing, Research & Development and Sales and Human Clinical Trials.

How can Perrymans help with Life Sciences Insurance?

Perrymans are one of few insurance brokers in the market with an understanding of the complex risks associated with the Life Sciences’ industry and can therefore properly identify exposures in this sector.

Through our range of worldwide markets and extensive access to trusted underwriting facilities, we can source the insurance coverage and provide protection.

Given the complexity of this cover and the basis upon which it is issued, the right advice together with a properly constructed cover from an experienced broker, such as Perrymans, is critical. Contact us for further information or enquiries today.

What is Medical Indemnity Insurance?

Medical Malpractice Insurance provides protection to medical practitioners, other licenced healthcare providers and healthcare institutions for claims of actual and alleged malpractice in the provision of healthcare services.

Why do I need Medical Malpractice Insurance?

The medical profession covers a broad range of classifications ranging from medical practitioners and other licenced healthcare providers through to medical centres, hospitals, aged care facilities and group medical practices.

Practitioners, directors, officers and employees all face a myriad of exposures including claims for malpractice, libel and slander, breaches of patient confidentiality and infringement of intellectual property to name a few.

Carefully constructed Medical Malpractice cover can provide the necessary cover for claims arising out of the provision of healthcare services.

How can Perrymans help with Medical Indemnity Insurance?

Perrymans can assist you by working through your Medical Indemnity insurance risk and then develop cover according to these requirements.

We will advise and guide you so as to present your risk in the best possible light and then market your Medical Indemnity risk through our recommended markets to create competition. We will then analyse results, advise you of the alternatives, make recommendations, negotiate final terms and placement of your Medical Indemnity insurance cover.

We will work with you to achieve successful Medical Indemnity insurance claims outcomes.

For more information, enquiries or advice on our Medical Indemnity insurance services, please contact Perrymans today.