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Management liability insurance protects managers and employees against any claims that are the result of their actions or decisions.
Management liability insurance protects managers and employees against any claims that are the result of their actions or decisions.
When you’re managing a business, you may be personally liable for any actual or alleged breaches of the Corporations Act. And it’s not just large companies that are exposed – small and medium business owners and officers could be at risk as well.
Management liability insurance can help you defend, settle or pay compensation claims, providing protection against the financial exposures that come with managing a company.
A management liability insurance policy can cover the costs of defending directors, managers and employees against any claims that are the result of their actions or decisions.
Management liability insurance coverage may vary depending on the insurance policy and insurer. Our insurance brokers can help you find the most suitable management liability insurance policy that meets the needs of your business.
To give you an idea, here’s the type of cover that your policy may include:
Whether you’re a small business or a larger enterprise, management liability insurance is important help protect against unpredictable and potentially large liability claims.
When your business faces unexpected liability costs, a management liability insurance policy can protect your business and personal assets, such as your home, from being sold to cover the cost of paying claims.
A former employee claims they were wrongfully dismissed from your business because they were unwell at the time their position was terminated. They want to be reinstated to their role and remunerated for their loss of income while they were out of work. After numerous unsuccessful conciliation attempts, the matter is brought before a court and you have to pay damages to your former employee.
A management liability policy allows you to recover some or all of these costs so you can continue to run your business without having to sell your business or personal assets. Depending on your policy, you may be able to make a claim for your legal defence costs, as well as the amount paid to your former employee.
Exclusions and the excess you need to pay for insurance coverage can vary greatly depending on your insurer.
Policies generally won’t include cover for:
There may be other exclusions which our insurance brokers can outline for you.
Whether you’re a small business or a larger enterprise, management liability insurance is important.
Management liability insurance protects you against allegations you mismanaged your company, covering the cost of paying liability claims.
Our team of brokers can help compare and explain the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.
The cost of management liability insurance can vary depending on the needs of your organisation.
Finding the insurance for your business can be time-consuming. Our brokers have extensive knowledge of the market, which means we can find you the right policy with the right cover at the best possible premium tailored to your business needs.
Management liability insurance protects owners, managers and directors against allegations they mismanaged their company. Professional indemnity insurance protects you against claims from clients and third parties regarding professional advice or services you’ve provided.
Our brokers can help you compare and tailor a quote to ensure you are adequately covered.
Management liability insurance can provide vital protection for business owners, who may otherwise be liable for damages arising from their business practices.
For more information and case studies on how management liability insurance can cover small business owners, see our story on Management liability insurance explained.
Management Liability Insurance provides financial protection for managers and employees against any claims that are the result of their actions or decisions. If a claim is made, your insurer may cover any court-imposed compensation or settlements including legal defence costs.
Protection for your business, premises, contents, stock, equipment and reputation.
Protect your business from the financial risk of legal liability claims – giving you the certainty you need to trade with confidence.
Protect your business from the financial risk of legal liability claims – giving you the certainty you need to trade with confidence.
Call us on 02 4969 8100 or request a call back.
We know that navigating the world of insurance can be complex and confusing. Our brokers compare the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.
We empower thousands of Australian businesses to focus on what they do best, knowing they’re protected against any possible eventuality.