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​.