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Contact us
  • 374 Lygon Street, Brunswick East, VIC 3057
  • +61-3-8538-2699
  • admin@yblgroup.com.au
  • Accountants
    • About YBL Accountants
    • Taxation services
    • Bookkeeping Services
    • Accounting services
    • Corporate secretarial
    • Contact
  • Insurance
    • About YBL Insurance
    • Home & contents insurance
    • Landlord Insurance
    • Strata Insurance
    • Professional Indemnity Insurance
    • Public & Products Liability
    • Management liability insurance
    • Tax Audit insurance
    • Trade credit insurance
    • Event Insurance
    • Farm Insurance
    • Marine Transit Insurance
    • RTO
    • Contact us
  • Financial
    • About YBL Financial
    • Contact
  • Architecture
    • About YBL Remmus Architecture
    • Residential
    • Retail and Hospitality
    • Masterplan and Landscape Design
    • Office and Commercial
  • Technology
  • Travel
    • Flights
    • Tours
    • Cruises
    • Other Services
      • Travel Insurance
      • Travel Visas
    • About
    • Contact
  • About Us
    • YBL GROUP
    • Privacy Policy
    • Contact Us
Contact us

Management liability insurance

If you are faced with unexpected liability costs, management liability insurance can protect your business and personal assets, such as your home, from being sold to cover the cost paying claims.

"Penalties awarded against companies and its directors or officers for work health safety breaches have increased by 43% to $22.3 million in one year. Penalties now average $62,000 per company".
Safe work australia
Key Work Health Safety Statistics 2014

What is management liability insurance?

When you’re running a business, you may be personally liable for any actual or alleged breaches of the Corporations Act. And it’s not just large companies that are exposed small and medium business owners and officers could be at risk as well.

Management liability insurance covers the costs of defending directors, managers and employees against any claims that are the result of their actions or decisions 

X3

The likelihood of a claim that could be covered by a management liability policy has tripled in the last five years, with 50% of notifications resulting in a claim.

(Chubb 2016 Private Company Risk Survey)

The most common claims are for employment practices like bullying, harassment and wrongful dismissal

(Chubb 2016 private company risk survey)

Major claims by amount relate to crime – including employee fraud.

(Chubb 2016 Private Company Risk Survey)

what it cover?

Employment practice liability

Covers playouts fir claims of employment breaches, such as wrongful dismissal, bullying or discrimination

Directors' and officers' liability

Protects your proprietary limited company's past, present and future directors, officers and managers against claims of wrongful acts. such as misrepresentation or breach of duty (subject to business size)

Crime

Protects your business against claims such as employee or third party fraud (not all criminal activity is covered)

Corporate liability

Covers costs that your business would incur if you need to defend and settle claims from outside parties alleging wrongful conduct, as well as investigation into the affairs of the company

Statutory liability

Covers the cost of defence, fines and penalties under some statutes( eg, Work Health and Safety).

Defence costs

Covers your legal costs if your business ends up in court

Contact Us

T: +61 3 853826 99 / 8538 2688

F: +61 3 8538 2600

E: admin@yblgroup.com.au

Address

374 Lygon Street

Brunswick East, VIC 3057, Australia

 

Opening hours

Mon – Fri 9:00 AM – 5:00 PM

Privacy Policy

Liability limited by a scheme approved under Professional Standards Legislation

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