Podcast Episode 17: A Conversation on Insurance for Asset Management – How to Protect Your Firm and Clients

Mike explains the importance of understanding coverage limits, insurer expertise, and claims handling when selecting policies. The discussion takes a deep dive into trade error insurance, detailing how managers can proactively correct mistakes and still recover costs through mitigation clauses. They also examine regulatory investigations, the growing risks posed by cyber threats and AI (such as deepfakes and “AI-washing”), and the rise of employment-related claims in financial firms.

Throughout, Mike emphasises best practices: notifying insurers promptly, reviewing contract clauses carefully, documenting HR policies, and engaging with insurers who understand the asset management business. The episode provides practical insights to help managers strengthen resilience, safeguard investors, and build long-term partnerships with their insurers.