Norwest NSW
Management Liability Insurance
Running a business means making decisions, and decisions can be challenged. A former employee says they were treated unfairly. A regulator investigates. A shareholder or supplier takes you to task over something you did as a director.
Management liability insurance protects the company and the people running it against these kinds of claims.
What it can cover
- Directors and officers liability. Claims against directors over their management decisions.
- Employment practices liability. Claims such as unfair dismissal, discrimination and harassment.
- Statutory liability. Fines and penalties for certain breaches of the law, where insurable.
- Crime and fidelity. Theft or fraud by employees, in some policies.
- Legal costs for defending claims and investigations.
Who it suits
- Company directors and owners
- Small and medium businesses with employees
- Not-for-profits and clubs
- Family-run companies
Case study
An example
A former employee lodges a claim alleging unfair treatment and discrimination. The owner faces months of legal work. Management liability cover can help pay for defence costs and, depending on the policy and the outcome, a settlement.
Illustrative example only. Cover depends on your policy wording.
Contact us
To put cover together, tell us:
We're based at Suite 2.02, 2-8 Brookhollow Ave, Norwest NSW. Call 02 8660 2305 or email admin@idealbrokers.com.au.
Ideal Insurance Brokers, Norwest NSW 2153. Ideal Brokers Pty Ltd (CAR No. 001262504 | ABN 65 623 205 952) is a Corporate Authorised Representative of Metrix Connect Pty Ltd ACN 635 286 136 as the trustee for the Metrix Connect Hybrid Trust ABN 55 742 327 931 | AFSL No. 525491. This page contains general information only and does not take into account your objectives, financial situation or needs. Read the Product Disclosure Statement before buying.
Management liability insurance FAQs
Some fines and penalties are insurable. Many are not. We'll check the wording.
No. Professional indemnity is about the advice or service you provide to clients. Management liability is about how the company is run.
Anyone with employees or directors is exposed. Small businesses often have the least access to legal help.