Protection for your most valuable asset
Private companies and their directors continue to face greater corporate governance and regulatory surveillance of the management of their business activities.
In response to perceived inadequacies of traditional Directors and Officers Liability policies for private companies insurance companies have responded with Management Liability Insurance policies. These policies not only protect the personal assets of the directors of the company but also protect the company's balance sheet against claims of mismanagement.
While each insurer's Management Liability product is different they will generally provide the following covers:
- Directors & Officers Liability
- Corporation (Entity) Liability
- Employment Practices Liability
- Superannuation Technology Liability
- Corporation Crisis (Public Relations cost) Cover
- Statutory Fines & Penalties Cover
- Fidelity/Crime Cover
Not only will the insurer generally manage the defence of the claim on your behalf they will advance the cost of your defence. This is of great benefit as while you have access to the expertise of some of Australia's best legal firms to protect your reputation your balance sheet and cash flow will be protected.
Professional Risks Experts
McKenzie Ross employs experienced management liability experts who will provide you with a comprehensive review of your management liability exposure and provide a tailored insurance solution to suit your company's needs.
Local Knowledge, Global Reach
McKenzie Ross has the local knowledge to transact business with all of the major Australian management liability insurers and underwriting agencies. However if adequate policy terms and conditions cannot be sourced in Australia then we can utilise our subsidiary company Prime Underwriting Australia Pty Ltd to approach the Lloyds of London insurance Market on your behalf.
Management Liability Brochure
In order to arrange terms please click here to access quotation / proposal form and once complete save and email to email@example.com