Management Liability Insurance. Done Right.
Being ‘unaware’ is no excuse in a court of law.
Australia is becoming a more litigious country.
Too many business owners adopt a laid-back attitude to their business cover, leaving them vulnerable to legal costs and having careers shattered. All because they’ve failed to understand the potential pitfalls that await them personally and collectively, should they not have the right protection.
Bruce Insurance have a reputable history in delivering detailed, rock-solid management liability insurance cover to a huge range of businesses and industries.
We believe comprehensive management liability insurance is a necessity, not an option.
Our specialist advisors can tailor a package and provide professional advice to suit your needs. This allows you to rest your mind at ease on any given day at work knowing that you won’t be liable for potential legal costs.
Management liability insurance is a type of liability insurance that helps to cover the directors and managers of a business. This cover can help when claims are lodged against managerial staff members when faced with accusations of not having met their duties as staff leaders.
These actions can be mistakes or deliberate, both in the present and past. Some examples of these wrong-doings include fraudulent acts, wrongful dismissal, breach of intellectual property rights and more.
There is a whole host of parties introduced when considering management liability claims arising for both public and private companies. The main managerial members that require cover include business owners, directors or senior managers.
Claims lodged against a business’s staff can come from a multitude of other parties including employees, competitors, creditors, regulators, customers, administrators and shareholders.
Provides cover to the company, directors, officers and employees for claims made by current, past and prospective employees. It addresses issues arising from employment practices, harassment, unfair dismissal and other employment issues.
Provides cover for fines and penalties relating to breaches of the law. It can also include environmental laws, occupational health and safety, as well as worker’s compensation.
Comprehensive crime coverage provides protection to the company for dishonest acts such as theft and fraud by employees.
Provides coverage for claims made against the actual organisation, rather than the directors and officers.
This type of cover 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.
Provides cover against mismanagement of funds or if a trustee responsibility breach occurs when a company has a sponsored staff superannuation fund.
Know your risks. Get the right management liability cover. Get in touch with a Bruce Insurance broker now.