Management Liability Insurance
Management liability insurance is crucial for safeguarding the interests of business owners, particularly for intangible risks often overlooked by directors and key management.
Coverage Aspects
- Directors & Officers Liability: This covers legal responsibilities of directors, secretaries, and company officers, including personal liability for losses due to negligence or misconduct.
- Professional Liability: For professionals providing advice, this covers personal liability for third-party damages resulting from that advice.
- Employer Liability: Covers claims by employees against company officers for unfair treatment.
Policy Inclusions
- Directors and Officers (D&O) Liability Insurance: Covers claims against directors and corporate officers for a range of issues, including breaches of duty.
- Employment Practices Liability: Involves claims related to employment practices.
- Statutory Liability: Covers statutory obligations.
- Occupational Health and Safety Liability: Pertains to workplace safety-related claims.
- Tax Audit Liability: Covers costs related to tax audits.
Exclusions
Criminal Activity: Liability arising from criminal acts is not covered.
Sydney Insurance Brokers offers tailored Management Liability insurance policies, considering the unique requirements of each business.
