Group Income Protection Insurance, also known as Group Salary Continuance Insurance, is an essential risk mitigation strategy for employers. It ensures that you can meet your legal obligations and avo …
Anyone involved in the ownership or management of a company takes on responsibilities that can carry an element of risk.
Proprietary companies and their directors are directly exposed to risky litigation from a variety of different sources, such as minority shareholders, employees (unfair dismissal, discrimination and sexual harassment), creditors and State and Federal regulatory bodies.
Even if claims are completely without merit, they can still incur a significant time and financial cost to defend, which is where Management Liability Insurance can help.
Do I need Management Liability Insurance?
In a day and age where litigation is rife, Management Liability Insurance is a must. A carefully tailored Management Liability Insurance policy will provide cover to directors, officers, and the company itself, from the many risks associated with managing a company.
What can Management Liability Insurance cover?
Management Liability Insurance can cover claims and defended allegations made by employees, creditors, government agencies, competitors and shareholders.