Directors, officers and company leaders in Victoria are under more pressure now than ever to adhere to corporate governance. Failure to comply with these obligations can bring on severe financial consequences not only to your company, but potentially your personal assets. As your company grows and changes over time, so does your risk. To safeguard against these ever-changing risks, you need qualified insurance brokers to help ensure your risks are consistently managed.
One challenge many organisations face is the increasing cost of insurance premiums. We have a wealth of experience in helping managers from private, soon-to-be-public and publicly listed companies access tailored insurance solutions while managing such rising costs.
As an award-winning business insurance brokerage, we treat our clients’ organisations as if they are our own. Proactive and ethical in our approach, we actively work with our clients to find optimal insurance options for the long term and evolve as our clients do.
We are also an Australian Financial Services Licenced (AFSL) brokerage. As licensed brokers, we are regularly audited to ensure that we offer an exceptional level of service and integrity. Which is another way of saying that you’re in good hands.
At a glance, D&O Insurance can protect you and/or your company’s leaders and private assets from claims that arise as a result of decisions made during their duties.
The right D&O Insurance policies can protect you from:
We are a multi-award winning business insurance brokerage with a passion for client service and technical insurance expertise. From Frankston, to Melbourne Central, to Darling Point Cook and beyond, we service all areas of Melbourne.
Having the right D&O Insurance in place can be vital for any leader of a company, especially for Sydney companies in the process of Initial Public Offerings (IPOs) or are already running publicly listed companies.
Your risks are magnified when running a public company or undergoing an IPO. In a complex environment, just one mistake made by any of the leadership team can greatly impact other stakeholders of the company. D&O Insurance can help you pay for the legal costs associated with any damages as a result of negligent actions.
We have experience in working with companies in all stages of the IPO process. Whether you’re in the early stages of an IPO or are now running a publicly listed company, we have the expertise, insurer networks and infrastructure in place to help you achieve favourable D&O insurance outcomes.
Depending on your policy, D&O Insurance can provide protection to:
D&O Insurance can also be important for non-for-profit organisations in Melbourne, which can be managed by a board of directors.
In this current market, a typical D&O Insurance policy contains the following three agreements:
As Victoria’s capital city, Melbourne has quickly grown to be one of the most popular Australian cities in the world. Made famous for its coffee, arts scene, landmarks (such as its laneways, street art, the MCG, Federation Square, several universities, the National Gallery of Victoria and close proximity to the Yarra Valley, Great Ocean Road and Phillip Island), Melbourne was voted the ‘World’s 2nd Most Liveable City’ by the Economist Intelligence Unit's 2017 Global Liveability Index for seven years in a row.
No matter the size of your Melbourne business, it is important that you are adequately insured against catastrophes. Securing the right insurance at the right price is one crucial way of safeguarding against such risks.
Tony Venning’s experience includes board level representation with major international broking firms, such as senior executive positions in London, Sydney and Melbourne. His insurance broking experience extends to working with high profile organisations such as the AFL and Cricket Australia and multi-national organisations with global exposures, including publicly listed organisations and companies undergoing an IPO. One of his key achievements includes resolving the public liability crisis sports organisations faced following the collapse of HIH. More recently, he has assisted several companies navigate their way through the current D&O insurance crisis facing public companies, in particular those undertaking an Initial Public Offering (IPO).
Tony enjoys very strong relationships with the major Australian-based insurance companies and overseas markets, including Lloyd’s. Through these relationships he has developed innovative insurance products and services that provide clients with real benefits.
Other forms of Business Insurance that may be of interest:
Contact us to speak to an experienced D&O expert in Melbourne today.