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    3. Management Liability Insurance

    Management Liability Insurance

    Protection for the exposures faced by directors, officers, managers, and other business entities arising from the governance, and management activities of your business.

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  • TODAY’S EXPOSURES

    Litigation concerning illegal conduct, occupational health and safety, and breach of directors’ or officers’ duties in Australia is on the increase.

    Often allegations made against a company’s management may be unfounded, however the cost of defence can be substantial.

    A Management Liability policy is specifically geared to protect you and cover your defence costs.

    Without the right insurance you could risk losing, not just your business, but also your personal assets.

    • You can be personally exposed to

      • The cost of defending a claim, and any damages and costs awarded. These can be based upon an allegation of you breaching your duty as a director or officer.
      • The cost of preparing for and being represented at an inquiry that you are required to attend because you serve as a director or officer.
      • Pecuniary penalties that arise from you being a director or officer.
      • A claim against you by another director, officer or employee arising from an employment related complaint.
      • Liability whilst serving as an external director.
      • Liability whilst acting as a trustee of a corporate superannuation fund.

    • Your company can also be exposed to

      • The cost of defending a claim, and any damages and costs awarded as a result of a wrongful act.
      • Theft or fraud by employees.
      • The cost of investigating theft or fraud by employees.
      • Pecuniary penalties imposed on the company.

  • Our Policies Cover

    The policies available through Citycover can cover:

    • Directors & Officers Liability

      Providing coverage for mis-management claims against the directors and officers where they are not 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 harassment or discrimination.

    • Superannuation Trustees Liability

      Providing coverage for mis-management claims of the staff superannuation fund.

    • Fidelity Guarantee

      Providing coverage for direct financial loss caused to the Company by the dishonesty or fraud of employees or directors.

    • Advance payment of defense costs.

      Legal representation costs incurred by directors/officers at official investigations or inquiries and cover for directorships held with other companies.

  • Why Us?

    Our Citycover Insurance Advisers understand the risks and exposures that face business owners and directors.

      • We have access to a large range of quality management liability policies. We will work with you to you to ensure the coverage best meets your needs.
      • Our claims team has years of experience and expertise in successfully managing complex and difficult claims.

  • FAQs

    Frequently Asked Questions for Management Liability Insurance.

    • Management Liability Insurance is only for large corporations

      We can tailor a Management Liability insurance to suit your needs. Whilst the exposures may vary for all businesses, regardless of size, your business can benefit from a Management Liability policy.

    • Can I pay my premiums by the month?

      Yes. All insurance offered by Citycover can be paid by the month through premium funders. If you chose to use the premium funder’s service, your monthly instalments will be tax deductible.

    • Is Management Liability expensive?

      Management Liability costs are based on the size of your business and what you do. The covers they provide represent excellent value.

    • We are family based company with very few employees, we don’t really need this cover do we?

      Claims brought against a business and directors can come from creditors, suppliers and even the government. Whilst many claims are unfounded, the cost to defend can be astounding. A Management Liability policy provides peace of mind.

    • How do I make a claim?

      As your Adviser, you will always contact Citycover in the first instance and we will guide you through the claims process as this can vary from insurer to insurer.

  • Need Help?

    Our experienced team is ready to answer any questions you have.

      • Over 45 Years of Trust
        Australians have been trusting Citycover with their insurance needs since 1972.
      • 24/7 Emergency Claims Service
        We take the stress away, as we know claims don’t just occur between the hours of 8am to 5pm.
      • Member of Austbrokers
        Top 250 ASX-listed company, better wordings, better governance and better purchasing power.

    • Speak to Us Get a Quote

  • Need to Claim?

    • Our claims process is seamless, market leading and hassle free. You can submit a claim 24/7 online, or alternatively you can phone us during business hours on (07) 3270 1500 or after hours on 0419-710-868. Your dedicated claims specialist will assist you with your claim from start to finish.

    • Find Out More

  • Our Team

    The knowledge and experience of Citycover’s amazing team is widely recognised. We are extremely passionate insurance professionals, who love what we do.

    • Mark Sandow

      Managing Director

      Stewart Harker

      Director

      Daneille Crawford

      Head of Client Services

      Gayle Herriman

      Head of Claims Services

      David Kimber

      Senior Insurance Adviser

      Jonathan Hobson

      Senior Insurance Adviser

      Alanna Keleher

      Insurance Adviser

      Jake Nelson

      Insurance Adviser

      Lynette Braddock

      Insurance Adviser

      Paul McGregor

      Insurance Adviser

      Tracy Livesey

      Insurance Adviser

      Liz Walker

      Insurance Adviser (AR 001256865)

      Paul Cotterill

      Insurance Adviser (AR 000442425)

    • From day one on taking over our business account Stewart Harker (Director) saved our business a considerable sum of money by going the extra yards in the detail making sure the Business was insured correctly, in the right category for our business and not paying for cover we did not need or was not relevant to our business.

      Alone this was an outstanding effort, but having needed to make a claim recently is where Stewart and his team truly showed their pedigree, absolute flawless commitment to acting on our behalf and handling every aspect of the claim from start to finish with an outcome in our favour that exceeded my expectations.

      The level of service and professionalism I have received from Stewart and the experienced professionals at Citycover is unparalleled. You can take heart in the fact that Stewart isn’t just trying to sell you something, he legitimately cares about his clients and their well-being with Citycover. I highly recommend them.

      Hennie D-P
      Business Owner
      26th October, 2017