Financial Lines

In a world where businesses of all sizes are governed by an increasingly complex web of regulations, things can still go wrong. At these times, you need advice from a team of legal experts who are specialists in defending claims under financial lines insurance policies.


How we can help

We have a proven track record of handling financial lines matters spanning 30 years. Our experience covers a wide range of professions and occupations, and the instructions we receive originate from a variety of product types including:

  • Directors & Officers
  • Professional Indemnity
  • Medical Malpractice & Allied Health PI
  • Property & Construction PI
  • Cyber Liability
  • Management Liability
  • Employment Practices Liability
  • Financial Institutions
  • Intellectual Property
  • Defamation
  • Class Actions, Commissions of Inquiry and Royal Commissions.

Our experience is not limited to claims but extends to all investigations, inquiries, disciplinary proceedings, public hearings and prosecutions to which these insurance policies may respond

We can also advise insurers on indemnity in relation to all these sub-lines, and our lawyers and partners have acted as coverage counsel for major insurers in some of the largest D&O and class action matters in Australia.

Our experience give us unique insights into insurance issues specific to professional indemnity, both through practical experience and participation in the industry, which enables us to manage claims to achieve the best possible outcome.

Our approach to Financial Lines claims

We understand the importance of keeping both our clients and their insureds involved in the management and ultimate resolution of claims in a collaborative way that takes advantage of their specific knowledge and strengths to achieve the best outcomes.

Collaborative stakeholder management

Regular and clear communication

Engaging with insureds and brokers to ensure their expectations are met

Supported by an award-winning, national insurance team

Examples of our work

Coverage Counsel

We advised an insurer as coverage counsel in relation to large Federal Court litigation against multiple insureds. Our advice involved consideration of the amount of “loss”, identification of insureds, prior known circumstances, the conduct exclusion, major shareholder exclusion and allocation of defence costs.

Mandatory vaccination unfair dismissal

We acted for a large employer in claim by an employee that she had been constructively, and therefore unfairly, dismissed when the employer did not allow her to return to work after she refused to provide her vaccination status. We assisted the employer with drafting a response to the employer’s “forced” resignation, which we subsequently relied on to demonstrate that the resignation was entirely voluntary. A wholly nonfinancial resolution was reached and the claim was not further pursued (nor other foreshadowed discrimination and general protections claims).

Professional indemnity

We acted for an accountant and ASIC-registered auditor to defend a claim by the liquidator of a company which held an AFSL and defrauded many of its clients of their life savings. The liquidator alleged that during its audit of the company’s accounts, the insured failed to report matters of concern to ASIC, which enabled the company to continue receiving investment money from its clients for a number of years after it should have been shut down. The claimed losses exceeded the available limit of indemnity. We proactively investigated the matter, identified strong ex turpi causa and proportionate liability defences, coordinated an early mediation, and resolved the matter within the limit of indemnity, confining insurers’ ongoing costs exposure, and achieving closure for the insured.

Great lawyers, great people

Our Financial Lines Specialists

Meet our dedicated team of financial lines lawyers.

"Highly skilled and knowledgeable. Very good understanding of the industry. Pragmatic approach to resolving issues. Very approachable and responsive."

Beaton Benchmarks - Insurance

Ask us how we can help

Barry Nilsson acknowledges the traditional owners of the land on which we conduct our business, and pays respect to their Elders past, present and emerging.
Liability limited by a scheme approved under Professional Standards Legislation