Management Liability Insurance

Many companies, their directors and senior managers unwittingly allow themselves and their personal possessions to be exposed to litigation that is occurring more regularly than ever before. Without adequate protection you could risk losing not only your business but also personal assets.   The exposures associated with operating an organisation are often unknown but can often centre around OH&S or employment practices, matters of employing staff, fines and penalties associated with Work cover matters and loss of money, securities or other tangible property resulting from fraudulent or dishonest acts of employees.  Defence and investigation costs alone can be financially crippling for businesses and individuals. The simple solution is Management Liability Insurance and these are some of the features in the policies that we can arrange for you:

Employment Practices Cover Provides cover to the company, directors, officers and employees for claims made by current, past and prospective employees for issues arising from employment practices, harassment, unfair dismissal and other employment issues.  Statutory Cover Covers the directors and the company for fines and penalties from operating the business including fines related to workers compensation.   Crime Cover Comprehensive crime coverage provides cover to the company for dishonest acts such as theft and fraud by employees including theft of stock.  Corporation Entity Cover Extremely relevant for companies that are owned by the directors by providing cover to the company for actions arising from managerial matters. A claim against the company will cause the same financial hardship to the owner, therefore this cover is extended to provide protection to the company.   Directors and Officers Will protect the past, present and future directors and officers plus anyone else involved in the management of a company for claims alleging a wrongful act and for which the company does not grant indemnification to such person.  Superannuation Trustees Cover Provides cover against mismanagement of funds or when a trustee responsibility breach occurs when a company has a sponsored staff superannuation fund.