Corporation Entity
Provides cover where there is a claim against the entity alleging wrongful acts. A claim against the entity can cause the same financial hardship to the owner as a claim made against a named director and officer.
Management Liability
Owning and running a business carries with it significant responsibility and risk. Wrongful acts by business owners, dishonest acts by employees, harassment, wrongful dismissal and statutory fines and penalties are just a few areas of exposure that could threaten your business.
Management Liability insurance is designed to protect you, your business and your personal assets.
Management Liability insurance gives you, your senior management and the organisation financial protection from a broad range of circumstances, giving you peace of mind to think ahead, plan with certainty and grow your business.
Management Liability insurance amalgamates traditional stand-alone covers such as Crime Protection, Directors and Officers Liability, Cyber and Privacy Liability, Entity Cover, Employment Practices Liability, Statutory Liability and Supplementary Legal Expenses and Tax Audit.
Please Note: Below are some of the more common insurance policy features, however, the list is not exhaustive and some features may not be offered by certain insurers. Please refer to the insurer-specific policy wording for inclusions, exclusions, terms and conditions.
Covered Features
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Crime
Comprehensive crime coverage provides cover to the company for dishonest acts such as theft and fraud by employees, including theft of stock.
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Superannuation Trustees
Provides cover against mismanagement of funds. Also provides cover when a trustee responsibility breach occurs when a company has a sponsored staff superannuation fund.
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Employment Practices
Provides cover to the company, directors, officers and employees for claims made by current, past and prospective employees for issues arising from employment practices, harassment, unfair dismissal and other employment issues.
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Statutory Liability
Covers the directors and the company for fines and penalties from operating the business including fines related to workers compensation.
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Directors and Officers
Provides protection against claims alleging a wrongful act and for which the company does not grant an indemnity. Will protect past, present and future directors and officers, plus anyone else involved in the management of a company.
