Management Liability Insurance can protect private companies, directors, officers and other insured people against certain claims arising from the management and operation of a business.

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

• Directors and Officers Liability: Certain claims made personally against directors, officers or insured managers
• Company or Entity Liability: Certain claims made against the insured organisation
• Employment Practices Liability: Claims involving matters such as unfair dismissal, discrimination, bullying or harassment
• Statutory Liability: Certain regulatory investigations, defence costs and penalties where legally insurable
• Crime or Fidelity: Certain direct financial losses arising from dishonest acts
• Tax Audit: Approved professional costs associated with certain tax audits or investigations

Does every policy include all of these sections? #

No.

Management Liability policies vary considerably.

Different:

• Limits
• Excesses
• Sub-limits
• Exclusions
• Insured persons
• Optional sections

can apply.

Fines and penalties should not be assumed to be insured. Some laws prohibit insurance or indemnity for particular penalties.

How is it different from Professional Indemnity? #

Professional Indemnity Insurance generally addresses certain claims arising from professional advice or services.

Management Liability generally addresses certain claims arising from how the organisation and its people are managed.

A business may therefore need both policies.

Contact our team if you would like help reviewing Management Liability Insurance.