Management liability insurance helps protect Australian business owners, directors, officers and managers against the legal defence costs and financial consequences of allegations arising from the way a business is managed.
Designed around your business, people and risk profile.
Clear advice on policy options, limits, exclusions and conditions.
Guidance when a notification, investigation or claim arises.
Advice for SMEs, companies, associations and growing businesses.
Management liability insurance is a tailored package of covers for the risks faced by directors, officers, managers and the business entity. A claim may arise from an employment dispute, alleged breach of duty, regulatory investigation, employee dishonesty or another management decision.
Even a well-run Australian business can face substantial legal, investigation and defence costs. ABS Insurance Brokers can help you compare suitable policy options and arrange cover that reflects your industry, turnover, structure, employees and exposure.
Helps protect past, present and future directors and officers against allegations of wrongful acts, breach of duty, mismanagement, misrepresentation or other management decisions, subject to the policy wording.
Responds to eligible claims by current, former or prospective employees involving allegations such as unfair dismissal, bullying, discrimination, harassment or other employment practices.
Protects the company where the business itself is accused of wrongful conduct, mismanagement, regulatory breaches or other covered allegations.
May cover direct financial loss caused by fraud, theft or other dishonest acts by employees or third parties, subject to the policy terms and evidence requirements.
May respond to defence costs and certain fines or penalties arising from alleged unintentional breaches of legislation. Some fines and penalties cannot be insured, including certain WHS penalties in Australia.
Can help meet legal representation, investigation and defence costs when directors, officers or the company face a covered inquiry, claim or proceeding.
We take time to understand your company structure, activities, people and exposures.
We help identify the combination of covers and limits that may suit your business.
We approach suitable insurers and explain the differences between policy options.
You deal with an experienced broker who can assist from quotation through to claims.
We explain the important inclusions, exclusions, deductibles and conditions in plain language.
Speak with ABS Insurance Brokers about management liability insurance tailored to your business.
Management liability insurance is a package of covers designed to help protect directors, officers, managers and the company against claims, investigations and financial losses connected with the management of the business. The exact cover depends on the insurer, policy wording, limits, extensions, conditions and exclusions.
It is relevant to many Australian businesses, including proprietary companies, SMEs, family businesses, associations, not-for-profits, professional firms, property businesses and construction-related businesses. Directors and managers can face personal exposure even where they believe they have acted properly.
Depending on the policy, cover may include directors and officers liability, corporate entity liability, employment practices liability, crime, statutory liability, government inquiry costs and defence costs. ABS will help you understand which sections may be appropriate for your business.
Directors and officers liability is one component of a broader management liability policy. A management liability program may also include cover for the company, employment disputes, employee dishonesty, statutory matters and inquiries. The wording and available extensions vary between insurers.
Common exclusions may include cyber crime unless specifically added, employee entitlements, property damage and bodily injury. Other exclusions, sub-limits, deductibles and conditions apply. Your ABS broker will explain the policy wording and help you identify any separate cyber, liability or workers compensation insurance needs.
