Management Liability provides a suite of covers for the insured company and Directors and Officers for the day to day operation of the business.
A Management Liability policy insures a Business against typical risk exposures, the most common of which are outlined below however this is not an exhaustive list:
Coverage Section |
Description |
---|---|
Directors & Officers Liability | Cover for wrongful or negligent acts by Directors and Officers of the company in execution of their duties. |
Corporate (Entity) Liability | Cover to the business entity for wrongful or negligent acts committed in the operation of the business |
Employment Practices Liability | Cover to Directors, Officers and Managers of the insured company for claims made against them by employees in respect of breaches of employee contract. |
Statutory Liability | Protection against statutory breaches, fines and penalties. |
Occupational Health and Safety Defence Costs | Protection against breaches and prosecutions for OH&S risks, penalties are not included. |
Crime | Covers the insured company for internal or external misappropriation or fraud of money or property through fraudulent means. |
Tax Audits | Cover for the insured company for fees incurred from an accountant or tax agent as a result of a tax audit notice |
Please call BMS today on 1800 931 071 to receive a quote for Management Liability Insurance.