Umbrella Defence Costs

Umbrella Defence Costs

The 2014 Bridgecorp ruling (regarding competing claims between defence costs and third party claims on a policy) has potential implications for Australian entities with exposure to New Zealand legislation. The ruling may not be confined to Directors & Officers Liability policies as the legislation can prevent the holder of any liability policy from accessing defence costs where the limit of liability is defence costs inclusive, which is the case for many liability policies, including professional liability policies.

Liberty‘s Umbrella Defence Costs policy is our unique response to this development.

At a glance:

  • Single overarching solution to insurance concerns
  • Protects one or more classes of liability
  • Provides a limit exclusively for defence costs.

Our Approach

Get in touch with an Underwriter
Christian Manning - Professional & Financial Risks Manager, Southern Region

Christian Manning

Professional & Financial Risks Manager, Southern Region
T: +61 3 9619 9803

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Helen Brand - Assistant Vice President – Professional & Financial Risks & Queensland Branch Manager

Helen Brand

Assistant Vice President – Professional & Financial Risks & Queensland Branch Manager
T: +61 7 3235 8823

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Jerome Steyn - Assistant Vice President, Professional & Financial Risks Manager, WA

Jerome Steyn

Assistant Vice President, Professional & Financial Risks Manager, WA
T: +61 8 6188 9503

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Josh Luk - Portfolio Manager FI Australia, Professional & Financial Risks

Josh Luk

Portfolio Manager FI Australia, Professional & Financial Risks
T: +61 2 8298 5932

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Michael Mahlo - Senior Underwriter, Professional & Financial Risks

Michael Mahlo

Senior Underwriter, Professional & Financial Risks
T: +61 2 8298 5906

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