Management Liability Insurance

Management liability insurance is an important business cover to have. Unfortunately it can sometimes be overlooked by businesses and organisations.

A management liability insurance policy typically includes:

  • Directors and Officers Liability: Protect your personal assets against losses arising from claims of wrongful acts by directors or officers.
  • Company Reimbursement: Your company can be reimbursed for payments it makes to indemnify directors or officers against claims relating to their actions as directors or officers
  • Corporate Liability: This covers wrongful acts of the company (not just of directors), officers and employees. It’s a way of covering financial penalties and defends against pollution and occupational health and safety proceedings.
  • Employment Practice Liability: Protect your business against losses resulting from claims made by employees (or potential employees) for employment related matters.
  • Trustee Liability: This covers trustees for losses caused by wrongful acts in connection with decisions about superannuation funds.
  • Employee Crime: Cover for direct financial loss to the company resulting from a single act or series of related, continuous or repeated acts of fraud, dishonesty or theft committed by an employee, acting alone or in collusion with others.
  • Business Crisis Consultant Fees: Cover for fees incurred in responding to a business crisis event, including independent management consultants.

Who can bring an action against a company, its directors, officers and employees?

  • Regulators (e.g. ACCC, ASIC &the ATO)
  • Employees
  • Competitors
  • Creditors
  • Shareholders (especially minority shareholders)
  • Clients
  • Liquidators/Administrators

Management liability "package" policies are available to privately held firms, not-for-profit organizations, and small publicly traded companies.

Speak to a qualified broker today on (03) 9791 6688.​



Don't miss out. Subscribe today.