Management Liability

Management Liability For Your Business

Management Liability Insurance protects your club/school and the company against the risks and exposures of running the company.
Without the proper protection you could risk losing, not only your business, but also your personal assets. This insurance protects you personally and therefore your wealth and lifestyle.


The legal costs to defend allegations of wrongful acts alone can be financially crippling for businesses and individuals.

Management Liability Insurance is often confused with professional indemnity insurance. Professional Indemnity Insurance covers the ‘activities’ of a business/club whereas Management Liability Insurance covers the ‘running’ of a business/club.


A Management Liability policy is designed to cover a range of potential exposures that you, and your club/business, are exposed to on a daily basis. 


Management Liability Insurance policies cover the following:

  • Directors & Officers Liability
  • Superannuation Trust Liability
  • Employment Practices Liability
  • Statutory fines and penalties cover
  • Employee Crime


Some of the circumstances where Management liability will be helpful.

Companies need to meet regulations around corporate behaviour which includes reporting, directors and officers which puts them under more scrutiny than ever before. Irrespective of the size of businesses they can be exposed to allegations of wrongdoing made against directors or officers who are carrying out their management duties. These allegations may need to be investigated or defended even if there is no merit to the claim.


Some companies maybe unable or unwilling to indemnify a director or officer due to legal or financial restrictions, and there is no Directors & Officers policy in place. This means the director or officer may need to settle the costs using their own personal funds. In some instances, directors and officers have been forced to sell their personal assets to meet the cost of litigation. Management Liability insurance is also helpful if a disgruntled employee brings a claim, an insurance policy which includes employment practices liability can save you significant amounts of defence and settlement costs.
For more information contact 03 8201 9908

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