Management Liability Insurance - Overview
Read this guide to assist you in assessing your insurance requirements.
Click here for a quote or more information on Private Edge Management Liability insurance
Management Liability Insurance policy has been specifically designed for private companies, combining several insurance policies into one to provide cover for a broad range of management liability exposures.
This Insurance differs significantly from standard Directors & Officers Liability Insurance for a number of reasons. One reason is that it provides cover for claims made against the company itself as well as for claims made against the company's directors and officers. This cover is particularly signficant for directors who are also owner shareholders of a company.
The key policy benefits are:
- Directors & Officers Liability - providing coverage for mis-management claims against the directors and officers where they are non indemnified by the Company
- Company Reimbursement - providing coverage for mis-management claims against the directors and officers where they are indemnified by the Company
- Company Liability - providing coverage for mis-management claims against the Company
- Crisis Containment - providing coverage for costs associated with the appointment of a public relations consultant to assist with the management of a crisis threatening the business
- Employment Practices Liability - providing coverage for claims by employees against the Company for employment related issues such as unfair dismissal, sexual harrassment or discrimination
- Superannuation Trustees Liability - providing coverage for mis-management claims of the staff superannaution fund
- Fidelity Guarantee - providing coverage for direct financial loss caused to the Company by the dishonesty or fraud of employees or directors
Other features of the policy are:
- Advance payment of defence costs
- Legal representation costs incurred by directors/officers at official investigations or inquiries
- Cover for directorships held with other companies