Management Liability Insurance

Policy Overview

Running a business leaves you personally liable as a Director. Any actual or alleged breaches of the Corporations Act could spell disaster for your personal financial situation. Management Liability insurance provides a layer of protection to defend against these potential losses.

Management Liability is what is referred to as a ‘package’ policy, containing a variety of covers that were previously only available independently and only for larger businesses.

These covers are:

• Directors & Officers Liability – protects Directors and Officers of the company against allegations of wrongful acts
• Employment Practices Liability – protects against allegations of workplace discrimination, bullying, sexual harassment and wrongful dismissal
• Crime – protects your business against internal or external fraud in certain circumstances
• Corporate Liability – protects your company against external allegations of wrongful acts
• Statutory Liability – protects against fines and penalties under some statutes

Management Liability coverage could mean the difference between Directors keeping their personal assets or losing them due to legal proceedings.

The information provided on this page that may have been implied is General Advice only and does not take into consideration your specific needs, risk appetite or financial requirements. Please contact our office to discuss and review your needs and the appropriate financial product best suited to meet your requirements . Before purchasing any financial product, you should always read the Product Disclosure Statement to ensure the product is suitable for your needs.