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Business Insurance

Management Liability Insurance

Management Liability Insurance

Protect yourself and your business from claims of mismanagement

Management liability insurance can protect against most financial exposures that come with managing a company. Helping you defend, settle or pay compensation claims.

What do you need to know?

  • Who should consider it?

    Management liability insurance is important for all businesses, big and small to help protect against unpredictable and potentially large liability claims.

  • What can it cover?

    Management liability insurance can cover the business against claims arising from mistakes or deliberate actions – including fraud – from the company or its directors, officers or employees – both past and present.

    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.

  • What isn't covered

    There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Steadfast insurance broker.

Find a Steadfast Broker

Get the right advice at the right price and have a local Steadfast broker on your team.

Case Study

Managing risk is paramount

Employee takes complaint to Fair Work

Hector works in a call centre of a medium-sized firm. One day he goes to the HR team and alleges that his manager is bullying him, by belittling and intimidating him and excluding him from team activities.

Hector makes a claim to Fair Work and takes his employer to court. The employer successfully claims on their management liability insurance, which covers their legal costs and the cost of compensating Hector.