A former employee claims unfair dismissal and alleges breaches of workplace legislation following termination during a restructuring.

Employment practices liability insurance may respond to claims arising from alleged employment practices breaches, subject to policy conditions.

A director is accused of failing to adequately oversee compliance controls, resulting in alleged governance failures and financial loss to the fund.

Directors and officers liability cover may respond to claims alleging wrongful acts by insured persons acting in their management capacity.

ASIC commences an investigation into disclosure practices within a managed investment scheme. Legal advisers are engaged to respond to information requests and assist with regulatory interviews.

The policy designed to cover investigation costs arising from investigations commenced by an official body in connection with investment services.

A retail investor alleges losses due to an investment strategy they say was unsuitable for their risk profile. They claim the manager failed to properly assess objectives and seek compensation for financial loss.

Professional indemnity cover may respond to civil liability claims alleging errors or omissions in providing investment services, subject to policy terms.

Investors suffer losses solely due to market downturns and attempt to recover losses without alleging negligence or breach.

Losses caused purely by market movement, without wrongful acts, are excluded from indemnity cover.

A third party alleges physical injury or property damage connected to business operations and seeks compensation.

IMI policies exclude bodily injury and property damage, as these risks are intended to be covered under liability insurance.

A senior executive deliberately falsifies records to conceal losses, resulting in investor claims once uncovered.

Intentional dishonest or fraudulent conduct is excluded, though defence costs may be advanced until liability is established.

A manager becomes aware of potential client dissatisfaction before taking out insurance but does not disclose it. A claim later arises from those same circumstances.

Claims arising from known facts or circumstances prior to policy inception are excluded, as insurance is intended for unforeseen events.