Management Liability Insurance | Directors Liability

DEFINITION -

Management Liability Insurance, incorporates Directors' and Officers Liability insurance as well as Employment Practice Liability, protection against Statutory Fines and other relevant cover to provide you with greater peace of mind in running your business.

Directors and Officers Liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organisation itself, to cover damages or legal costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers for the company or organisation. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously.

In summary, Directors and Officers Liability Insurance covers the personal liabilities for the directors and officers of the company.  Management liability insurance also covers liabilities of the company or organisation.

Please call us on 03 9686 0688 for more information on Management Liability Insurance. 

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