Management Liability
When you’re running a business, you may be personally liable for any actual or alleged breaches of the Corporations Act.
And it’s not just large companies that are exposed – small and medium business owners and officers could be at risk as well.
Management Liability insurance can cover associated costs of investigating, defending or settling claims made against your business arising from mistakes or deliberate actions, including fraud, from you company or its directors, officers or employees.
What does Management Liability cover?
Management Liability insurance policies vary in the benefits they provide. To give you an idea, here’s the type of cover that you could find cover for:
Covers payouts for claims of employment breaches, such as wrongful dismissal, bullying or discrimination.
Protects your proprietary limited company’s past, present and future directors, officers and managers against claims of wrongful acts, such as misrepresentation or breach of duty (subject to business size).
Protects your business against claims such as employee or third party fraud (not all criminal activity is covered).
Covers costs that your business would incur if you need to defend and settle claims from outside parties alleging wrongful conduct, as well as investigation into the affairs of the company.
Covers the cost of defence, fines and penalties under some statutes (e.g. Work Health and Safety).
Covers your legal costs if your business ends up in court.
Flexible insurance with a local touch
Insurance isn't always a one-size-fits-all policy. Whether you're in manufacturing, food and beverage, hospitality, a property owner, tradie or truckie, we're here to help structure your insurance program to suit.
Tailored insurance programs to suit your business risks, whatever your business, wherever you operate.
Highly trained insurance professionals to help you identify risks, manage your insurance program and support you with claims.
With offices across Queensland and a national reach, you have access to support when you need it.
Why do I need cyber insurance cover?
Cyber insurance is important for any company that conducts business online with information that may be at risk of a data breach. This cover is designed to protect businesses against all elements of cyber risk, ensuring they can conduct business safely and their confidential data is secure.
Protect your business from potential lawsuits, cyber crimes, and disruptions to operations. Our insurance brokers assess the primary cyber risks associated with your business and determine how to minimise their impact if they arise.
A cyber incident compromising your financial information or that of your clients can quickly damage trust and credibility. Regaining a positive reputation after a breach is difficult, as clients may hesitate to share information. Cyber insurance covers breaches, recovery, theft, and financial reimbursement, assuring clients you're protected.
This policy covers any financial losses that occur from cyber events, such as those of negotiation experts, the cost of recovering data, and any legal costs associated with the breach. This includes regulatory fines or defamation claims.
Cyber insurance provides peace of mind by ensuring coverage to protect your business's financial stability and data from cyber risks.
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