Essential Coverage Areas of Management Liability Insurance
Management Liability
Being a company director, partner, or trustee carries significant risks. Directors have strict duties and responsibilities, and failing to meet these – whether justified or not – can result in serious legal action. Partnering with a trusted management liability insurance broker like Matrix Insurance ensures you’re fully covered.
Employment Practices Liability
If you were accused of unfair dismissal or discrimination against an employee, could you handle the legal costs to defend yourself? Workplace bullying, whether physical or online, is also becoming a frequent basis for legal claims against companies and their directors.
Employee Theft
Did you know that standard money and theft insurance typically doesn’t cover theft by an employee? If your business handles cash, stock, or valuable contents, the risk of employee theft is real. Whether it’s a one-off incident or theft over an extended period, this coverage protects you from such losses.
Statutory Liability
Regulatory fines can be a heavy burden on your business. For instance, if you were fined for breaching liquor licensing laws at your venue, this policy protects you from having to bear the cost. With a management liability insurance broker on your side, you’ll be covered for fines from regulatory breaches, helping you avoid unexpected financial setbacks.
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- In the past five years, the likelihood of a management liability claim tripled.
- The most frequent type of management liability claim is for Employment Practices.
- The most expensive claims are for fidelity (employee theft).
Today
Contact Matrix Insurance today on (08) 6555 7742 to speak with an insurance broker who can help you.
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