Management Liability
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Management Liability
Secure Your Business with Comprehensive Management Liability Insurance
Management Liability Insurance is a type of insurance coverage that provides protection for business owner, directors, officers, and employees against claims related to actual or alleged wrongful acts that arise while managing a business. Management Liability Insurance covers you and your organisation for legal costs, settlement payments, fines resulting from a regulatory investigation, and the cost of defending claims (which could last years).
Business owners and other management personnel often believe that because they are acting through a company, they will not be held accountable for claims arising from their management proceedings. But the truth is, you could still be personally sued for decisions made by your team or even other directors, no matter what your position is.
Why Do You Need Management Liability Insurance?
- Personal Asset Protection: You may be held liable for claims against your business which could put your home, savings and other investments at risk.
- Legal Defense Costs: Defending claims could become extremely costly even when you are not at fault.
- Regulatory & Compliance Risks: Government Agencies such as ASIC, Fair Work Australia and WorkSafe can investigate and fine businesses for breaches of legislation, regulations or compliance.
- Employee Claims: It can be costly and damaging to the business to defend employee claims for unfair dismissal, harassment, bullying, or discrimination.
- Fraud & Crime Protection: Protect your company from the financial impact of employee theft, fraud, or dishonest acts.
- Unpredictable Risks: Even with the right intentions, and compliance processes in place, claims can arise unexpectedly from shareholders, customers, employees or regulators.
Risks That Management Liability Insurance Can Cover
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Directors & Officers Liability
Protects past, present and future directors and officers against wrongful act claims, negligence and mismanagement claims. -
Employment Practices Liability
Covers claims made by current, past, or future employees regarding workplace misconduct. -
Statutory Liability
Covers regulatory investigations, civil penalties, and fines for compliance breaches. -
Crime Cover (Employee Fraud & Theft Protection)
Protects you against financial loss resulting from dishonest or fraudulent acts of employees, contractors, and third parties. -
Corporate Entity Liability
Protection against claims made against the company for mismanagement of finances, fraud or shareholder claims.
Get A Free No-Obligation Quote
Lawsuits, regulatory investigations and employee disputes can happen at any moment. Even small and mid-size business can also be susceptible to time-consuming and costly legal disputes. Take precautions and do not allow these circumstances to put your financial situation and reputation at stake. Call us for a quote.
General Advice Warning:
The information on this website is to be regarded as general advice. Your personal objectives, needs and financial circumstances were not taken into account when preparing this website content. We strongly recommend that you consider the suitability of this general advice, in respect of your objectives, financial situation and needs before acting on it. You should obtain and consider the relevant Product Disclosure Statement and Financial Services Guide from All Around Insurance before making any decision to purchase a financial product.
Our Insurance Products & Services
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Had no clue what kinda insurance I needed for my new business. But All Around explained everything and all options without making me feel dumb. Got a great deal too! Super happy with the whole process.
Fast, friendly, and no BS. Got my business covered in no time and even helped me save money on stuff I didn’t even realize I didn’t need. Can’t thank them enough!
Super helpful and down-to-earth team. They actually listen and don’t try to sell you stuff you don’t need. If you want insurance without the headache, this is the place.
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Check out our latest news, advice and insights to help you navigate the complexities of insurance and claims.
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