Management Liability Insurance protects your 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.
Whether large or small, your Melbourne-based business faces the risk of potential claims against its company representatives at any given time. To name a few, the dangers associated with managing your company may include:
Management Liability Insurance provides directors, officers, and other managerial parties with protection against the risks of running a business. This includes Directors' and Officers' (D&O) Liability Insurance, which covers executives in the event of claims made against them for situations resulting in personal liability and financial loss.
Other policies under Management Liability Insurance may include:
The coastal capital of Victoria, Melbourne is the second-most populous city in Australia and is widely regarded as the nation's cultural and economic powerhouse. It boasts multiple major corporations and institutions including renowned banks like Australia & New Zealand Banking Group (ANZ) and National Australia Bank (NAB), and prestigious colleges such as the University of Melbourne and Monash University.
The city capital has welcomed investment from all over the globe in multiple industries including creative industries, digital technologies, food and fibre, international education, medical technologies, clean energy, advanced manufacturing and more. Over the past decade, Melbourne’s diverse economy has contributed to its rapid population growth, with the possibility of the capital overtaking Sydney as Australia’s largest city by 2030.
This vibrant metropolis also houses many historic museums, galleries, and cultural establishments like the National Gallery of Victoria, and the Australian Centre for Contemporary Art. Melbourne continuously hosts international events, concerts, and festivals which contribute to its bustling night-time economy, and offer constant exciting opportunities for local businesses.