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What is Management<br />
Liability Insurance?<br />
Protects you and the company against<br />
the risks and exposures of running<br />
the company (i.e. your liability of<br />
mismanagement)<br />
What does<br />
Management<br />
Liability Insurance<br />
cover?<br />
• Directors & officers liability<br />
• Employment practices liability<br />
• Statutory liability<br />
• Entity coverage<br />
• Crime protection<br />
• Legal representation costs<br />
Directors & officers liability<br />
Will protect the past, present and future directors<br />
and officers plus everyone else involved in the<br />
management of a company for claims alleging a<br />
wrongful act and for which the company does not<br />
grant indemnification to such person<br />
Claims examples<br />
1. Unfair competition<br />
2. Fraud/breach of fiduciary duty<br />
3. Misappropriation of trade secrets<br />
4. Insolvent trading<br />
5. Manslaughter<br />
Case study<br />
Employment practices<br />
liabilities<br />
Provides cover to the company, directors, officers<br />
and employees for the claims made by current, past<br />
and prospective employees for issues arising from<br />
employment practices, including harassment, unfair<br />
dismissal and other employment issues.<br />
Claims examples<br />
1. Bullying/harassment<br />
2. Unfair dismissal<br />
3. Discrimination<br />
Case study<br />
Dr Mark Colson v Barwon Health [2013] FWC 8734<br />
ASIC Brings Criminal Charges against Former<br />
Kleenmaid Directors
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