Understanding Management Liability for your Business
Our job is to help you understand what insurance you need and why.
Because our clients can be time poor, we understand that as your trusted insurance broker we need to cut through the chaff and give you advice on what is relevant for your business. In short, you don’t have all week to review your insurance policies, but you still need the advice to ensure the right protection is in place.
As insurance brokers we know what Management Liability is, even when the product can get complicated. But do you? Probably not – and that’s okay, because you shouldn’t have to. It’s our role as your broker to help you understand what Management Liability Insurance is, how much cover you need and why you need it.
So what is Management Liability Insurance?
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. Management liability insurance covers the costs of defending directors, managers and employees against any claims that are the result of their actions or decisions.
Ausure has created our easy to understand Management Liability flyers by thinking about how our clients would like to hear about it, as opposed to how we think we should talk about it. Less jargon, simplified wording and real-life claims examples.