Management Liability

Management Liability

Management Liability

If you are a company director you carry specific responsibilities, regardless of the size of your business. Claims can arise from simple errors and mistakes, so it’s important to make sure you are properly covered and don’t end up in a position of personal liability where your personal assets are at risk.

Management liability insurance protects you against the risks and exposures of running your business including liability for mismanagement. A management liability policy will protect your business and personal assets against legal claims for issues such as mismanagement, misconduct or legislative breaches.

The types of claims that can be covered include:

  • OH&S
  • Unfair dismissal
  • Sexual harassment
  • Statutory fines and penalties
  • Defamation

What does management liability insurance cover?

Management liability:
includes protection against fraud or breach of fiduciary duty, misappropriation of trade secrets, unfair competition and breaches of confidentiality.

Corporate liability:
protects against allegations of fraud, being prosecuted by a regulatory authority and actions for breaches of the Corporations Act.

Employment practices liability:
protects against allegations of bullying, sexual harassment, unfair dismissal, and discrimination.

Theft/Crime:
protects against the theft of money and property by employees.

Statutory liability:
protects against a breach of the Occupational Health and Safety Act and other legislation.


What's covered?

Covered options:

  • Damages and claimant costs awarded against the insured
  • Legal and defence costs
  • Claims investigation costs
  • Some civil fines & penalties

What is not covered:

  • Bodily injury and property damage
  • Insolvency
  • Dishonesty/criminal action
  • Known claims and circumstances

Covered options:

  • Damages and claimant costs awarded against the insured
  • Legal and defence costs
  • Claims investigation costs
  • Some civil fines & penalties

What is not covered:

  • Bodily injury and property damage
  • Insolvency
  • Dishonesty/criminal action
  • Known claims and circumstances

Who should consider this type of insurance?

Private companies

Company directors and senior management teams

Any company that has more than two employees

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