Official Investigation Costs (Management Liability)

Official Investigation Costs cover pays expenses when a regulator formally investigates a director, an officer, or the company. This applies even before any claim or court case follows. Covered investigations often include an ASIC inquiry, an ACCC probe, or an APRA prudential review. They can also include a Fair Work Ombudsman case, a Privacy Commissioner inquiry, a coronial inquest, or a royal commission. The cover usually pays for legal advice, and for preparing a response to a compulsory notice. It can also cover document production costs and expert help during the inquiry. Trigger points differ between policies. Some start cover once a formal notice arrives. Others need the insured person to be named, or asked to give evidence. This cover matters because an investigation can cost a lot, even with no case at the end. Early legal advice often shapes how an investigation turns out. Limits may sit inside, or apart from, the main policy limit.

Official Investigation Costs cover pays expenses when a regulator formally investigates a director, an officer, or the company. This applies even before any claim or court case follows. Covered investigations often include an ASIC inquiry, an ACCC probe, or an APRA prudential review. They can also include a Fair Work Ombudsman case, a Privacy Commissioner inquiry, a coronial inquest, or a royal commission. The cover usually pays for legal advice, and for preparing a response to a compulsory notice. It can also cover document production costs and expert help during the inquiry. Trigger points differ between policies. Some start cover once a formal notice arrives. Others need the insured person to be named, or asked to give evidence. This cover matters because an investigation can cost a lot, even with no case at the end. Early legal advice often shapes how an investigation turns out. Limits may sit inside, or apart from, the main policy limit.