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
Your company can also be exposed to
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.
Providing coverage for mis-management claims against the directors and officers where they are indemnified by the Company.
Providing coverage for mis-management claims against the Company.
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.
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.
Our Citycover Insurance Advisers understand the risks and exposures that face business owners and directors.
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.
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.
Need to Claim?
- Cate P
Paul McGregor from Citycover has been the insurance adviser for our business for many years. We have always found him to be diligent and very thorough with all of the insurance matters we have put to him. His professionalism and attention to details has given us peace of mind when it comes to all our insurances.
7th November, 2017
The knowledge and experience of Citycover’s amazing team is widely recognised. We are extremely passionate insurance professionals, who love what we do.
Senior Insurance Adviser
Claims Services Manager
Senior Claims Adviser