Management Liability Insurance

Did you know that there are 13 Australian Acts that companies must comply with, including but not limited to:  

  • The Corporations Act 2001
  • Competition & Consumer Act 2010
  • The Income Tax Assessment Act 1997
  • A new Tax System (Goods and Services Tax) Act 1999
  • Environmental Protection Legislation
  • Privacy & Data Protection Acts
  • Age Discrimination Act 2004
  • Disability Discrimination Act 1992
  • Human Rights & Equal Opportunity Commission Act 1986
  • Racial Discrimination Act 1975
  • Sex Discrimination Act 1984
  • Workplace Relations Amendment Act 2008
  • Workplace Relations Act 1996 and Workplace Relations Regulations 2006
    Source: It May Happen To Me! The Essential Guide to General Insurance - Dr Allan Manning

Could your business afford to defend personal and or corporate liabilities should you unintentionally breach one or several of the above Australian Acts?

There is a solution: Management Liability Insurance.

Management Liability Insurance is designed to provide a company and its directors and officers, protection against the risks of managing a business. Anyone who owns or is involved in the management level in a company, carries specific responsibilities. They may be personally liable for any alleged or actual wrong doing as a director, officer or owner of that company.

Broadly speaking, Management Liability Insurance includes the following insuring sections:

  • Directors and Officers Liability
  • Company Reimbursement
  • Employment Liability – Insured Organisation
  • Superannuation Trustee Liability 
  • Insured Organisation Liability
  • Employee Crime 
  • Statutory Liability 
  • Tax Audit Expenses

If you would like to speaker to broker about Management Liability please contact Andrew Saville on 03 8646 0222 or alternatively click here to complete a quotation request form.