Financial Institutions
Financial Institutions
Financial institutions operate in a high-stakes environment where trust, compliance, and security are paramount. Whether you're a credit union, mortgage manager, boutique fund, or financial planning firm, you face regulatory scrutiny, cyber risk, and liability exposure on a daily basis.
At Angelic Insurance, we provide general advice to help financial services providers compare relevant cover options such as professional indemnity, management liability, cyber liability, crime cover, and public liability. We work with reputable Australian insurers to help ensure your risk profile aligns with AFSL obligations, ASIC oversight, and client expectations.
Whether you’re offering advice, managing funds, or processing payments, we support you in considering protection that defends your reputation, safeguards operations, and meets compliance standards.
Why Choose Angelic Insurance?
Financial service providers need insurance partners who understand the fine line between regulatory compliance and operational risk. Here’s how Angelic Insurance delivers clarity and support:
Cover Comparisons Aligned to AFSL Requirements
We assist in reviewing cover options that suit licensees and authorised representatives, including policies tailored to ASIC and APRA compliance expectations.
Professional and Management Liability Focus
We help you explore protection against claims of errors, omissions, breach of duty, and internal governance disputes key risks in the financial sector.
Cyber Risk Awareness
From customer data breaches to ransomware attacks, we help you consider cyber cover options that protect your systems, clients, and business continuity.
Support for SMEs and Niche Finance Providers
We work with brokers, aggregators, advisers, fintechs, and investment managers helping each find general insurance options that reflect their scale and services.
Fast Documentation and Claims Support
We assist with Certificates of Currency for partnerships, lender panels, and leasing agreements. Our brokers also support you throughout any claim process.
Industry Challenges
In the financial sector, trust and precision are essential. Without the right insurance in place, financial institutions face significant operational, reputational, and regulatory risks:
Client Disputes or Legal Claims
If a client alleges financial loss due to advice or administrative error, you may face costly legal action. Professional indemnity cover can help protect your business.
Cybersecurity and Data Breaches
Financial institutions are prime targets for hackers. Breaches can lead to privacy violations, reputational harm, and mandatory reporting to regulators.
Internal Misconduct or Fraud
Management liability and crime cover can help protect against employee dishonesty, mismanagement claims, and financial losses.
Regulatory Non-Compliance
Failing to meet insurance requirements under ASIC or APRA guidelines can jeopardise your licence or access to certain client segments.
Third-Party Risk
Lenders, aggregators, or platform partners may require specific insurance levels before allowing you to onboard, transact, or advise under their banner.
Frequently Asked Questions
Coverage includes fraud, cyber risks, and asset protection.
Yes, Fidelity Insurance is included.
Yes, through Cyber Insurance.
Yes, tailored policies are available.
Yes, D&O Liability Insurance is included.
Yes, property and equipment coverage is available.
Yes, tailored solutions for compliance risks are offered.
Angelic Insights
