Management Liability Insurance
Protect yourself and your business from claims of mismanagement
Did you know that managers and directors of a business can be sued for mismanagement that causes loss to others? And you can even be held personally liable – potentially putting your own assets and savings at risk?
Management liability insurance can provide protection against the financial exposures that come with managing a company. It ensures that you can defend, settle or pay compensation claims, without putting your business or personal finances at risk.
Who should consider it?
Management liability insurance is important for all businesses, big and small to help protect against unpredictable and potentially large liability claims.
What can it cover?
Management liability insurance can cover the 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 designed to protect you and your business from financial loss that can arise from your day to day operations. It provides protection to you and your business from financial loss that can arise from:
- Workplace Health & Safety Incidents
- Employment Issues
- Tax Audits / Investigations
- Employee Theft
- Your actions as a Director or Officer
Product Disclosure Statement
A Product Disclosure Statement (PDS) is available for Management Liability insurance and can be obtained from Palandri Insurances.
You should consider the PDS in deciding whether to acquire, or continue to hold, Management Liability insurance.
Speak to Palandri Insurances
Calculating the amount of cover you’ll need can be complex, so it’s important to seek advice to help you get it right.
Steadfast insurance brokers are part of the largest general insurance broker network in Australasia, with specialists who can help you with your home and contents insurance needs.
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