Management Liability Insurance

Directors, officers and managers can be held personally liable for certain decisions and actions made in running a business. Management Liability Insurance can help protect both the company and its directors and officers against a range of claims arising from the management of the business. 

Management Liability Insurance can provide cover for directors and officers against claims arising from alleged wrongful acts, errors or decisions made in the course of their management duties. 

Depending on the policy, cover may extend to past, present and future directors and officers. 

Depending on the policy selected, Management Liability Insurance may also include cover for: 

• Employment Practices Liability – claims involving unfair dismissal, discrimination, bullying or harassment. 

• Statutory Liability – certain investigations and proceedings brought by regulators or government authorities, including associated legal defence costs. 

• Work Health & Safety (WHS) – certain investigations and legal costs arising from alleged breaches of workplace health and safety laws. 

• Tax Audit – certain professional costs incurred in responding to an audit or investigation by the Australian Taxation Office or other relevant authority. 

• Fines and Penalties – certain fines and penalties where they are legally insurable. 

Cover varies between insurers and is subject to the terms, conditions, limits and exclusions of the policy.