Management Liability Insurance
Management Liability insurance safeguards your business against claims of mismanagement - including helping to defend, settle or pay compensation claims.
Who is it for?
Anyone with a business should consider Management Liability insurance to help protect against such claims.
What does it cover?
Management liability insurance covers the costs of defending directors, managers and employees against any claims that are the result of their actions or decisions:
- Directors’ and Officers’ Liability: wrongful acts
- Employment Practices Liability: employment breaches
- Crime: fraud committed by an employee or third party (not Cyber related)
- Corporate Liability: outside parties alleging wrongful conduct
- Statutory Liability: fines and penalties (excluding OH&S)
- Defence Costs: your legal costs for an insured matter going before the Court
What doesn’t it cover?
There are some Exclusions where cover is not provided and in addition, there is often a deductible/excess. Limits and Conditions also apply. Please feel free to contact us to find out more.