Management Liability Insurance
Protect your business against management and operational risk claims against directors, officers, and employees.
What is Management Liability Insurance?
Management liability insurance can cover the business against claims arising from mistakes or deliberate actions from the company or its directors, officers or employees – both past and present.
Depending on your cover and insurer, your management liability policy may provide coverage for:
Coverage, benefit limits and exclusions may vary. Always refer to the Product Disclosure Statement (PDS) or speak to your broker for detailed policy terms.
Understanding Management Liability Insurance
Management Liability Insurance is relevant for businesses of all sizes, especially those with employees or regulatory obligations. It is commonly held by SMEs and private companies looking to protect directors, managers, and the business itself from internal and external exposures.
Pricing depends on the business structure, number of employees, industry risk, past claims history, and desired coverage. Legal and compliance risk factors also affect premiums.
Claims can be lodged through your NQIB broker. Supporting materials such as letters of demand, legal documents, or internal reports may be required. Your broker will coordinate with the insurer and provide guidance throughout the claim process.
Management Liability Insurance is commonly paired with:
- Directors and Officers Liability Insurance
- Cyber Insurance
- Professional Indemnity Insurance
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