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Embezzlement, theft and employee dishonesty are exposures for all organisations. Whether due to the actions of an employee, advisor, or outside party, each year businesses in Australia sustain hundreds of millions of dollars in financial losses from fraud and other types of commercial crimes.
The McCabes team works with insurers and their customers to protect the organisation’s financial health as well as the personal wealth of its owners and employees. We have experience managing claims relating to employee dishonesty, forgery, theft, embezzlement, destruction and disappearance of property, securities, computer crime, kidnapping, extortion, wire transfer funds, mail fraud and other criminal acts. We work in collaboration with all parties, including law enforcement authorities to manage losses, reduce costs and minimise exposure through a thorough investigation and case-by-case analysis of every claim.
The McCabes specialist team provides legal and risk solutions for employers liability exposures of insured’s. We work with insurers, employers, brokers and underwriters to protect their insured’s against loss resulting from wrongful employment acts committed and sexual harassment or discrimination.
Our team is well versed in the issues arising for insurers and navigating the insurer’s interests together with the interests of the insured or employer, working towards an early and commercial resolution where possible. We also work discreetly to manage crisis containment to protect the insurer and their insured’s reputation and brand.
The McCabes specialised team will help you navigate through coverage that protects clients and their directors & officers against the risks and exposures of running an organisation. Our experience varies from top corporate executives that hire investment managers to payroll clerks that process employment forms covering a mismanaged employee benefit plan or plan assets, including bad investment decisions and negligently handling plan records in line with Australian laws and regulation.
In a changing landscape and an evolving legal market, our team protects the interests of insurers and their directors & officers whilst implementing a comprehensive risk management program for proactive prevention strategies. We look to resolve claims quickly and efficiently to safeguard the organisation’s brand and profits.
The McCabes team manages risks that arise in connection with transactional risk, such as a merger and acquisition for both buyers and sellers against financial loss for breach of representations and warranties, tax indemnity and contingent liability. We manage claims involving financial loss, breaches, escrows, purchase price holdbacks, unsecured indemnity, purchase agreement disputes, indemnity obligations, tax liabilities, litigation exposures, environmental exposures, intellectual property infringement claims, employment matters and disputes and exposures relating to accounts.
Working together with our Commercial team, our specialists advise insurers on underwriting, due diligence, coverage and claims issues in a merger and acquisition context. We work collaboratively to protect our clients from risks that arise in connection with the underlying transaction.
We provide bespoke advice and excellent solutions. Whether you have a general question, feedback or seek legal counsel, please do not hesitate to reach out.
