Management Liability Insurance Cover

Management liability covers some of the below: Management Liability Insurance covers the exposures & risks in managing a business. Directors and officers face both personal & corporate liabilities in managing a company and can be held personally liable. Claims can often arise from actual or alleged breaches of the Corporations Act, which regulates company law in Australia. E.g.:

• Damages and claimant costs awarded against you
• Defence (i.e. legal) costs
• Investigation costs
• Civil fines and pecuniary penalties

1. Directors & Officers Liabilities – Breach of Fiduciary Duties
2. Employment Liabilities – e.g. claims by staff for unfair dismissal, harassment or discrimination in the workplace
3. Statutory Liabilities – covers for fines and penalties from operating the business including fines relating to workers comp & OHS
4. Crime Cover – covers against dishonesty acts such as theft and fraud by employees including stock
5. Corporate Entity Liabilities – Extremely relevant for companies that are owned by Directors
6. Legal Representation Costs – Against ASIC Enquiry or Tax investigations / Public Relations / Crisis containment