Management Liability Insurance addresses certain risks arising from how a building business is managed, rather than the physical construction work itself.

Depending on the policy and sections selected, cover can include:

• Directors and Officers Liability
• Company or Entity Liability
• Employment Practices Liability
• Statutory Liability
• Crime or employee dishonesty
• Certain investigation costs
• Tax Audit cover

Why can this be relevant to builders? #

Building businesses commonly:

• Employ staff
• Engage subcontractors
• Manage construction sites
• Deal with regulators
• Have directors and managers making significant operational decisions

A workplace or site incident can sometimes result in more than a Public Liability or Workers Compensation claim. It may also lead to an investigation involving the company, directors or managers.

Statutory Liability can potentially respond to certain investigation and defence costs and, where legally insurable and covered by the policy, some penalties. Fines and penalties should not be assumed to be insurable.

Management Liability is different from Public Liability Insurance, which generally addresses certain third-party personal injury and property damage exposures.

Not every Management Liability policy contains the same sections, limits, excesses or exclusions.

Contact our team if you would like help reviewing Management Liability Insurance for a building business.