Directors, Officers, Managers and business entities face both personal and corporate liabilities in managing a company and can be held personally liable for claims which may include Breach of duty of care.
Management Liability Insurance is a sure way businesses can help protect themselves against ‘unwelcome surprises’.
Many insurance packages provide peace of mind, ease and flexibility and offer protection for the personal assets of the Directors and all others involved in managing a company.
A summary of the core Management Liability Covers are:
- Directors and Officers
- Company Reimbursement
- Employment Practices Liability
- Statutory Liability (fines and penalties cover)
- Superannuation Trustees Liability
Broad coverage is provided, including the cost of defending claims and attending investigations.
Who can claim?