INSIGHT

Seeking cover under pressure

By Louise Jenkins, Andrew Maher, Malcolm Stephens, Jonathan Light, Julia Clemente, Joshua Anderson
Insurance Litigation

A guide to Investigation Costs cover

Over the past decade, there has been a significant increase in the pace and scale of regulatory investigations and enforcement activity, including a spate of high profile royal commissions and inquiries into potential wrongdoing by institutions, companies, and their directors and officers. As a result, there has also been a significant increase in our clients' recourse to Investigation Costs cover under various policies of insurance.

While Investigation Costs cover is now commonplace in the market, it is our experience that many policyholders remain unfamiliar with its scope and application. Further, the practical complexities that are often faced in successfully pursuing claims for the recovery of Investigation Costs can present additional challenges in the already highly-pressured and fast-paced environment created by a large-scale investigation.

We routinely assist clients in their pursuit of Investigation Costs from insurers. In this guide, we highlight the key things that you need to know when ‘seeking cover under pressure’.