Management Liability | Master Builders Insurance Brokers
Covers liabilities for managing your business.
Directors and officers liability
Employment practices liability
Trustees and others
What is Management Liability Insurance?
Management Liability insurance is designed to protect your company and its management team from legal action and losses.
Directors and officers can also be held personally liable for management decisions, putting their personal assets at risk. This policy not only covers the costs to investigate and defend allegations of wrongdoing in the running of your company, but also pays settlements and fines. Corporate liability includes exposures such as pollution defence, OH&S defence, crisis, and breach of contract.
Management liability claims are made by clients, suppliers, competitors, employees, and government agencies.
This policy is flexible. The cover can be tailored to meet your needs. Each cover section is also available as a stand-alone policy.
What costs are covered by Management Liability Insurance?
Why do you need our tailored cover?
Here's an example:
Sally is the Director of Martini construction which has 25 members of staff.
A former employee who went through a disciplinary process with the business has lodged a claim for unfair dismissal. Sally is named in the statement of claim as well as Martini Constructions.
Because Martini Constructions has a Management Liability policy, the Employment Practices section will respond to the claim defending both Sally as a Director and Martini Constructions.