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Management Liability Insurance Sunshine Coast

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Are you a Sunshine Coast business looking to safeguard the future of your business with Management Liability Insurance?

We help Sunshine Coast businesses protect against claims that could arise against management. With so many insurance options out there, our experienced team can work with you to cut through the confusion and find the most suitable insurance policies for your needs. So you can spend less time worrying about insurance, and more time running your business. Contact us for a quote.

Sunshine Coast Management Liability Insurance: What is it?

Essentially, Management Liability Insurance is designed to cover you and your Sunshine Coast business against claims that could arise from the management of your company, including both past and present. In particular, it provides Directors & Officers Liability 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 Sunshine Coast business, Management Liability Insurance is crucial.

Who needs Management Liability Insurance?

If your Sunshine Coast business operates as a company, then you need to make sure that your directors and officers have Management Liability Insurance in place. This will ensure your directors, officers and employees are protected for any claims made against them personally.

Even if you don’t operate under a company structure, any Sunshine Coast business that has employees or operates in a regulatory environment would also require Management Liability Insurance.

Management Liability Insurance: what is covered?

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:

Directors and employees being personally sued for alleged mismanagement of the company

Embezzlement of funds

Shareholder claims against directors for mismanagement

Taxation Investigation / Audits

Employment related matters such as unfair dismissal and discrimination

Occupational Health & Safety related claims from employees and regulatory bodies

Defamation including libel and slander claims

Fines and Penalties payable for breaching statutory laws and regulations

Management Liability Insurance: what's not covered?

Note that Management Liability Insurance does not cover:

Professional Liability claims for negligence in your professional duty of care (see Professional Indemnity Insurance)

Incidents or claims known prior to the policy commencing

Accidental personal injury or property damage (see Public Liability Insurance)

Claims made as a result of data breach or cyber event (see Cyber Insurance)

Your business becoming insolvent unless agreed in writing

Damage from intentional acts

Claims arising from intentional acts

To get a quote that provides you with the right cover it's important you speak with a Construction and Builders Insurance expert who can advise you how best to design your Contractors All Risk Insurance.

Why choose us for Sunshine Coast Management Liability Insurance

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 - we’re a Business Insurance broker in Sunshine Coast that prioritises ethics over profits. 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.

As we have an office in Sunshine Coast, one of your advantages of choosing us is that we know the ins and outs of the area and understand the unique local challenges you may face. This also means we’re only a short drive, phone call or email away.

Looking for Management Liability Insurance in Sunshine Coast? Contact us today.