MANAGEMENT LIABILITY AUSTRALIA WIDE

Management Liability

Safeguard your business from the financial risks of running a company. Matrix Insurance can arrange comprehensive protection that shields against potential claims involving wrongful acts, regulatory investigations, or employee disputes. Let us handle the complexities so you can focus on running your business with confidence.

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.

MANAGEMENT LIABILITY INSURANCE Frequently Asked Questions
Small to medium-sized enterprises (SMEs), especially those with a turnover of $500,000 or more, should seriously consider management liability insurance. As businesses grow and take on staff, the risks associated with managing employees, complying with regulations, and making key business decisions also increase.
The simple answer: not as much as you might think. Policies start at around $1,250, making it a must-have in today’s business environment. The real question is, can you afford not to have this coverage?
Management Liability policy excesses can be quite high, making it essential to compare quotes from multiple insurers to secure both comprehensive coverage and competitive premiums. At Matrix Insurance, we work with several specialised Management Liability Insurers, ensuring our clients receive the best possible policy at the most competitive price.
  • 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).
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