Running a business involves making decisions every day. Directors, business owners and managers can face allegations relating to employment practices, workplace investigations, statutory breaches and management decisions, even when they’ve acted in good faith.
Management Liability Insurance is designed to help protect businesses and their directors, officers and managers against a range of management-related risks. Depending on the policy, cover may extend to employment practices liability, statutory liability, crime, employee dishonesty and defence costs.
As regulations continue to evolve and employee expectations change, Management Liability Insurance has become an important consideration for many Australian businesses.
Whether you employ one person or one hundred, it’s worth reviewing whether your current insurance program adequately protects those responsible for managing your business.
What could Management Liability Insurance include?
Depending on the insurer and policy selected, Management Liability Insurance may include cover for:
Directors’ and Officers’ liability
Employment Practices Liability
Statutory Liability
Corporate Legal Liability
Employee theft and dishonesty
Crime and fraud
Defence costs
Workplace investigations
Taxation investigations (where included under the policy)
Fidelity and internal fraud protection
Our advisers can explain how Management Liability Insurance works and whether it may suit your business needs.
Disclaimer: This article has been prepared for general information purposes only and does not constitute personal financial or insurance advice. The information has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information, you should consider whether it is appropriate for your circumstances, read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD), and seek advice from a qualified insurance adviser.
Running a business involves making decisions every day. Directors, business owners and managers can face allegations relating to employment practices, workplace investigations, statutory breaches and management decisions, even when they’ve acted in good faith.
Management Liability Insurance is designed to help protect businesses and their directors, officers and managers against a range of management-related risks. Depending on the policy, cover may extend to employment practices liability, statutory liability, crime, employee dishonesty and defence costs.
As regulations continue to evolve and employee expectations change, Management Liability Insurance has become an important consideration for many Australian businesses.
Whether you employ one person or one hundred, it’s worth reviewing whether your current insurance program adequately protects those responsible for managing your business.
What could Management Liability Insurance include?
Depending on the insurer and policy selected, Management Liability Insurance may include cover for:
Our advisers can explain how Management Liability Insurance works and whether it may suit your business needs.
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Disclaimer: This article has been prepared for general information purposes only and does not constitute personal financial or insurance advice. The information has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information, you should consider whether it is appropriate for your circumstances, read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD), and seek advice from a qualified insurance adviser.