Management liability insurance solutions

Protecting your business against claims

Management liability insurance is important for all businesses, regardless of size.

Management liability insurance can help protect your business against claims arising from mistakes or deliberate actions – including fraud – from the company or its directors, officers or employees – both past and present.

It can cover the cost of investigating, defending and settling claims by a third party, as well as paying compensation the business is liable for. Management liability insurance is made up of a suite of cover options that helps defend your personal liabilities as a manager or director of a business. It also helps protect the business itself from liabilities arising from your interaction with a variety of stakeholders.

What management liability insurance offers your business

There are over 650 individual legislative provisions in force in Australia at present, which has resulted in increasing responsibility and accountability for directors and officers in both public and private companies. Without cover, directors’ and officers’ risk being exposed to personal financial liability for alleged wrongdoing in their capacity as a director and officer of a company.

Management liability insurance offers protection if a claim arises, covering costs such as:

• Defence costs
• Judgements
• Settlements
• Investigative costs
• Compensation and damages
• Costs to appear at investigations.