Ellipse 26 (1)

Management Liability Insurance

Protect Your Business Leadership From Claims Of Mismanagement

Want to begin your journey with AIB Insurance Get A Quote Today!
Ellipse 26 (1)

What Is Management Liability Insurance?

Management Liability Insurance is a specialised policy designed to protect you and your business against the risks and financial exposures that come with managing a company.

In the dynamic world of business, owners and decision-makers have never faced a more challenging time, particularly in a highly regulated market like Australia. Management liability cover is a shield for your business’s leadership, protecting you from risks that are often overlooked yet can be financially devastating. This can include safeguarding you against claims arising from mistakes, actions or decisions made by the company directors, managers, officers and employees. It can cover the cost of investigating, defending and settling claims by a third party, as well as paying compensation the business is liable for. AIB can provide a policy tailored specifically to your business needs, industry and budget.

Who Should Consider It?

Management Liability Insurance is important for all businesses, from small and medium enterprises to large ASX listed companies. 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. This insurance is essential for:

What It Can Cover

While Management Liability Insurance policies vary in the benefits they provide, at AIB we can provide a policy tailored specifically to your needs and your budget.

Cover can include:

Employment Practices Liability

Covers claims from employees alleging discrimination, wrongful termination, harassment, bullying and other employment-related issues.

Directors and Officers Insurance protects individuals from personal losses from claims arising from alleged wrongful acts, such as breach of duty, as a result of serving as a director, officer or manager (past, present or future) of a business.

Protects your business against losses due to employee theft, fraud, or other crimes (some exclusions apply).

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.

Covers the cost of defence, fines and penalties under some statutes e.g. Work Health & Safety (fines under Work Health & Safety cannot be covered by insurance in NSW).

N.B. Many people also confuse Management Liability Insurance and Professional Indemnity Insurance. While both are important if you are running a business, it’s important to highlight that they cover very different areas.

Essentially Professional Indemnity covers the activities undertaken in a business and Management Liability Insurance covers the actual running and management of the business.

How Can Management Liability Insurance Protect You?

What Our Clients Say
Ellipse 26 (1)
Areas We Service
AIB Insurance is one of the best known and most trusted business insurance brokers on the Sunshine Coast. Based in Maroochydore, we have grown to become recognised across Queensland and throughout Australia.
AIB are the insurance brokers Brisbane businesses trust with all aspects of their insurance. We take the time to find out about your business, recommend appropriate cover and deal with all aspects of the process, including if you need to make a claim.
Ellipse 26 (1)