Management Liability Insurance
Management Liability Insurance is a combined insurance product which provides protection for the company Directors, officers and managers from a number of potential liability issues.
You will note that it is a liability policy which means that it is protecting the business from litigation and in the case of Cybercrime additional covers would still be necessary to cover a business’s First Party losses.
A typical Management Liability insurance policy has the following sections of which some or all can be taken out:
- D&O (Directors & Officers Liability)
- Company Reimbursement (Entity Liability)
- Corporate Liability
- Employment Practices Liability
- Crime/ Fidelity
- Statutory Liability (fines and penalties cover)
- Superannuation Trustees Liability
- Cyber Liability
- Tax Audit
This is general advice only, please refer to the policy wording for full details.
For more information please contact Australian Elite Insurance Solutions to speak with one of our specialist brokers.