Protect Your Melbourne business against claims that arise against your management
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.
We Are Award-Winning Melbourne Management Liability Insurance Specialists
Melbourne Management Liability Insurance: why do you need it?
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:
What and who does Management Liability Insurance cover?
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:
Management Liability Insurance: what's not covered?
Management Liability Insurance provides extensive coverage for all parties involved in managing a company. These may include Directors' and Officers' Insurance, Statutory Liability Insurance, Employment Practices (E&O) Liability Insurance, Tax Audit Insurance, and Crime Defence Cost Insurance.
However, Management Liability Insurance generally does not cover:
Why choose Crucial Insurance for your Melbourne business?
Our experts at Crucial Insurance and Risk Advisors will not only find the most suitable coverage for your Melbourne business, but will also handle your insurance contract arrangements and renewals, facilitate Premium Funding, and guide you through the complexities of your risks and insurance claims.
Our unparalleled dedication to our clients’ businesses has won us various accolades including the NIBA Broker of the Year Award and the Queensland Stephen Ball Memorial Award. We have also been Australian Financial Services Licence holders since 2014, meaning we pride ourselves on providing only the highest quality of commitment, service and integrity.
If you're looking for an experienced and proactive business insurance broker who will work in your best interests, contact Crucial Insurance.
To find out more, it's important you speak with a Management Liability expert who can proactively help you find the right cover at the right price. Contact us today.
Melbourne Economic Snapshot
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.
Looking for Management Liability Insurance in Melbourne? Contact us for a quote.