Management Liability Insurance
Bed and Breakfast
Business
Contract Works
Contractual Liability
Director and Officers
Franchise
Management Liability Insurance
Marine Transit
Medical Practice Insurance | AMA Victoria Preferred Provider
Motor Fleet
Premium Payment Options
Professional Indemnity
Public and Products Liability
Tradesmen
 

Management Liability Insurance

Is your business protected by the unexpected? Management Liability Insurance

If you are a business owner of an incorporated entity you face real risk exposures every day. In today's business world, legal action against companies and individuals is on the increase. 

Some of the more high profile cases recently making headlines include the David Jones sexual harassment lawsuit and the Clive Peeters fraud investigation.  However, it's the day to day events of wrongful termination and OH & S fines and penalties that are increasingly affecting businesses of all sizes. Businesses just like yours. 

And without adequate protection you could quickly lose not only your business but also your personal assets.  Fortunately, there is a simple, effective insurance solution that can support you and your business - Management Liability Insurance.  Click here to download a brochure that outlines the cover it provides across six key risk areas.

What is Management Liability Insurance?

Management Liability Insurance protects the company and its key individuals against the risks associated with managing a company or business.

Who needs it?

You should consider Management Liability Insurance if you are a business owner, director or senior manager of either a private or unlisted public company, or of a not-for-profit organisation. The types and extent of coverage can be tailored to meet the specific needs of you and your business.

What are the benefits of Management Liability Insurance?

  • Protection of business and personal assets against an unexpected claim
  • Limits the impact of unexpected claims on business operations and growth
  • Can ensure that annual profits are unaffected by losses or liability associated with an insured event
  • Can provide the resources to defend against an unexpected claim

Which key relationships are covered?

Management Liability Insurance can protect you against both personal and corporate liabilities from numerous stakeholders including:

  • Employees
  • Competitors
  • Creditors
  • Regulators
  • Customers
  • Liquidators/ Administrators
  • Shareholders

What Australian acts could Management Liability insurance protect a company against?

There are 13 acts that companies must comply with:

  • The Corporations Act 2001
  • Competition and Consumer Act 2010
  • The Income Tax Assessment Act 1997
  • A New Tax System (Goods and Services Tax) Act 1999
  • Environmental Protection Legislation
  • Privacy and Data Protection Act
  • Age Discrimination Act 2004
  • Disability Discrimination Act 1992
  • Human Rights and 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’ by Dr Allan Manning

What can you do next?

Contact your broker at Whitbread Insurance Brokers to arrange a time to discuss your situation and how you can best protect yourself and your bottom line.

The above information is general advice only; it is not intended to take the place of professional advice. Before acting on this information you should consider the appropriateness of this advice to your particular objectives, needs and financial situation