Protection for your company and management team under ‘one’ policy
Private companies, associations or not-for-profit organisations and their management teams face a range of exposures in today’s litigious environment.
Actions and disputes can come from employees, customers, competitors, regulatory bodies and others and unfortunately it is impossible to anticipate and avoid every risk that may eventuate.
Management Liability insurance provides protection for your company and management team under ‘one’ policy and can extend to include cover for:
- Directors and officers liability
- Employment practice liability (unfair dismissal, harassment)
- Crime protection (embezzlement/theft by employees)
- Statutory liability (fines and penalties for legislative breaches; e.g. Workplace Health and Safety).
Management Liability is usually offered to proprietary companies whose directors and officers are also shareholders to protect their assets. It generally covers claims brought by shareholders, employees, regulators, competitors, and the company itself.
