Management Liability

Management Liability Insurance may provide cover for directors, officers and other key management personnel against certain claims arising from their roles and responsibilities within a company. Depending on the policy, cover may extend to wrongful acts, employment practices and breaches of fiduciary duties. This insurance can help businesses manage potential legal expenses and financial losses associated with allegations of mismanagement, negligence or other wrongful acts, subject to the policy’s terms and conditions.

Management Liability Insurance may be relevant to a range of organisations, including private companies, public companies, not-for-profit organisations and small businesses. It can provide cover for directors, officers and other key management personnel against certain claims arising from their decisions and actions in their professional capacities. Depending on the policy, cover may also extend to the organisation itself for certain financial losses arising from claims against its management team.

The cost of Management Liability Insurance can vary depending on factors such as the size and type of organisation, industry, coverage limits and deductibles selected, claims history and other risk factors. Our experienced brokers can assess your organisation’s insurance requirements and help you explore suitable coverage options and obtain quotes from insurers that align with your budget and risk profile.

Cover is subject to policy terms, conditions, exclusions, applicable excesses and limits which may vary between insurers. Some risks such as cyber incidents, employee entitlements, property damage and bodily injury may not be covered by your policy. Depending on your circumstances, you may need additional/separate insurance.