Management Liability Insurance protects your Brisbane business from claims that may arise against your management. This type of insurance safeguards company representatives from potential lawsuits brought against them personally, which could lead to financial loss and forfeiture of personal assets.
Essentially, Management Liability Insurance is designed to cover you and your Brisbane business against claims that could arise from the management of your company, including both past and present. In particular, it provides Directors and Officers Insurance if a director and / or employee are sued personally for being negligent in fulfilling their duties.
This form of cover also extends to cover the business as a result of management’s actions in running the company. It extends to protect your business from employee crime such as fraud and embezzlement.
No matter the size of your Brisbane business, Management Liability Insurance is crucial.
If your business functions as a company, it's crucial that your executives and administrators are covered by Management Liability Insurance. This provides protection for your directors, officers, and staff against personal claims.
Regardless of whether your Brisbane business operates as a corporation, the presence of employees or operation within a regulatory framework necessitates the need for Management Liability Insurance.
Management Liability Insurance provides extensive coverage against the risks of managing a business. This form of coverage extends to protect all parties involved in managing a company.
This includes the company, the directors and employees involved in running the business. The types of risks which your business is exposed to includes:
Note that Management Liability Insurance does not cover:
One reason why our clients choose a business insurance broker such as us for Management Liability Insurance is that we genuinely have the best intentions for our clients, and go above and above to help them with their insurance needs. Our extensive business insurance experience both nationally and internationally, combined with our integrity continues to help us become the business insurance broker of choice for Management Liability Insurance by businesses throughout Australia.
Crucial Insurance brokers are a part of Steadfast: Australasia’s Largest general insurance broker network. As Steadfast brokers, we have access to a large selection of competitively priced insurance products, strong negotiating power, and extensive experience over a wide range of industries.
In a market convoluted by generic insurance policies, it's vital to have risk advisors who can unravel the confusing ‘insurance speak’ for you. Our insurance specialists will not only find you the most suitable cover for your company, but can also arrange and renew insurance contracts on your behalf, arrange Premium Funding, and assist you with insurance claims.
Situated on the coast of sunny Queensland, Brisbane is the state’s capital and the third-largest city in Australia. It boasts a diverse economy, and is home to many leading businesses across industries such as financial services, healthcare, education, construction, and tourism. Some of the prominent organisations that have established their headquarters in Brisbane include Suncorp, Virgin Australia, and Flight Centre.
Through 2020-21, Brisbane's Gross Regional Product (GRP) was reported to be around AUD 181 billion. The city has a well-established infrastructure, which comprises of a modern international airport, a deep-water port, and a network of highways and dependable public transportation systems. Additionally, Brisbane has committed to investing significantly in renewable energy, with a goal of becoming carbon-neutral by the year 2050.
Brisbane also possesses a picturesque view of the twisting Brisbane River, and other classic sites such as City Hall, the Wheel of Brisbane, Anzac Square and Memorial Gardens, and Story Bridge. The capital also has a rich education district, with various top schools and universities including The University of Queensland, Griffith University, and the Queensland University of Technology.
Information from brisbane.qld.gov.au