An independant Australian Company owned by locals

Management Liability

Owning and operating a business comes with risk and responsibilities

Historically, protecting these liabilities was out of reach for SME business. With the evolution of the insurance market came a bundled product that offers significant protection at affordable premium. This multifaceted insurance product is a must have for any business looking to protect it responsible officers & management.
The insurance market has collated data which indicates that the frequency of claims against this product have more than doubled in the last 10 years. This policy helps protect you from significant financial risk.
Teamcare performs risk analysis to ensure that the appropriate insurance product is sourced & offered to you so you may make an informed decision in this complex segment of the market.
* Please note the below cover features are a list of the more common sections of this policy type. It is not an exhaustive list of covers available. Some features may not be offered by certain insurers or on specific risks. This is intended to be used as a guide only for informative purposes.

Cover Features

Cover for Directors & Officers

Covers Individual managers & employees for their legal liability for wrongful acts committed whilst acting in their capacity as a Director or Officer.

Tax Audit Expenses (State & Federal)

Covers professional fees charged by an accountant in connection with a Taxation Office audit, including costs in obtaining expert advice.

Statutory Liabilities (Fines & Penalties)

Businesses commonly purchase statutory liability insurance to protect themselves from the fines, penalties and legal fees that can result from an accidental breach of law. These may include occupational health and safety laws, environmental laws and employment laws.

Fidelity (Crime by Employees & Third Party Fraud & Deception)

Covers loss sustained through fraudulent or dishonest acts committed by employees.

Employment Practices Liability

Covers a range of liabilities that can face an employer following wrongful termination, refusal to employ, failure to promote, demotion, disciplinary action, sexual harassment, discrimination or defamation of an employee.

Cover for the Company

May reimburse the company for payments it is legally entitled or obliged to make in indemnifying Directors or Officers for claims made against them whilst acting in their capacity as Directors or Officers. It will not reimburse the company for claims made against the company.