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