Management liability insurance protects you against claims arising out of the management of your company.
It provides cover for legal defence costs and damages where a claim has been made against you for wrongful acts, these acts may include, employment practices breaches, OH&S breaches, Directors breach of duties etc.
The policy can also cover fines or pecuniary penalties where permitted by law.
The key sections of a Management Liability policy are….
- Directors & Officers Insurance
- Employment Practices Liability
- Statutory Liability
- Crime (employee fidelity)
- Tax Audit cover