Insurance & corporate risk

For a law firm, we do insurance differently. The McCullough Robertson Insurance and Corporate Risk Group is unique in the Australian legal market. Our team combines extensive hands-on insurance industry experience with legal knowledge.

With experience in transactional, corporate, compliance work and dispute resolution, we advise public and private corporations, insurers, and brokers.

Our advice covers everything from customising policies to suit clients, interpretation of terms, conditions and exclusions and advice on risk management solutions and claims. Our knowledge extends across every class of insurance including Public and Product Liability, ISR, Contract Works, Property, Professional Indemnity, D&O, Workers’ Compensation, Marine and Aviation.

Significantly, we developed Australia’s first series of technology insurance policies for a large American insurer and have drafted policies for international and Australian insurers. We have also been instrumental in drafting specialist insurance policies which have been introduced into the insurance market e.g. Occupational Health and Safety Liability/Environmental/Statutory Liability.

The Insurance and Corporate Risk Group also provides the following services:

• we design programs considering policy coverage, indemnity, deficiencies and ensure legislative compliance, including FSR obligations, APRA and the Insurance Contracts Act.
• via our own product, Insurance Heath Check, we regularly review corporate insurance programs taking into account all insurable risks and highlighting existing and future requirements. We remove the pressure felt by executives by ensuring their business risks and exposures are properly covered given Directors’ and Officers’ liability policies now require confirmation that a company has appropriate insurance.
• we develop and implement ‘contracting pillars’ which are the rules of engagement our clients adopt to recognise and understand their contractual obligations and insurance coverage parameters. The process enables uninsured risks to be recognised, managed and an understanding of a client’s contractual, legal and insurance obligations and exposures to be developed.
• we conduct broker tenders on behalf of our clients through a unique selection, interview and scoring process – we act as an independent ‘referee’ critically comparing insurance brokers to meet our clients’ expectations and ensure they are fully informed and aware of the service propositions. To secure the best outcome for our clients, we charge a set fee given our services are not compromised by links to premium or cost savings.

To complement the expertise of the Insurance and Corporate Risk Group the firm has created a wholly owned insurance broking practice, Allegiant IRS, to serve the insurance broker needs of our clients and work in combination with our lawyers to provide an integrated legal/insurance broker service offering which has proven beneficial to clients. This has also lead to the development of innovative insurances for the firm’s clients, not currently offered in the Australian insurance market.

We understand that insurance is about protection for both now and the future. We are here for the long haul.

To find out more, contact Brad Russell

Experience