Close
  • Accountants
  • Insurance
  • Financial
  • Travel
  • Architecture
  • About Us
  • Contact Us
  • 374 Lygon Street, Brunswick East, VIC 3057
  • +61-3-8538-2699
  • admin@yblgroup.com.au
  • Accountants
      Taxation services
      Corporate secretarial
      Bookkeeping Services
      Accounting services

      YBL Accountants

      ABOUT US

      CONTACT US

  • Insurance

      Business Cover

      Public & Products Liability

      Business Insurance

      Management liability insurance (D&O)

      Professional Indemnity Insurance

      RTO (Registered Training Organisation Insurance)

      Cyber Protection Insurance

      Contract Works Insurance

      Strata Insurance

      Event Insurance

      Marine Transit Insurance

      Trade credit insurance

      Corporate Travel Insurance

      Personal Cover

      Home & contents insurance

      Landlord Insurance

      Farm Insurance

      YBL INSURANCE

      ABOUT US

      CONTACT US

  • Financial

      OUR SERVICES

      Our specialties are in procurement of Commercial Loans, Residential and Commercial Construction Loans, Equipment Finance and Home Loans for owner Occupation and Investments

      YBL FiNancial

      Find out more

      CONTACT US

  • Architecture

      YBL Remmus Architecture

      Residential
      Retail and Hospitality
      Masterplan and Landscape Design
      Office and Commercial
  • Travel

      YBL Travel & Tours

      ABOUT US

      CONTACT US

      Flights
      Tours
      Cruises
      Other Services
  • About Us

      About YBL GROUP

      We Are Specialises

      To help in complex returns including rental properties, investment trusts, share & management fund investments, and capital gains issues.

      fIND OUT MORE

      Privacy Policy

      fIND OUT MORE

      Contact Us

      T: 03 8538 2699/03 85382688

      E: admin@yblgroup.com.au

      Visit 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

© Copyright YBL Group All rights reserved