Business Protection Management Liability


Management liability insurance protects directors and officers and the company itself from the many exposures relating to the management of a company. Anyone who owns or is involved in the management of a company carries specific responsibilities which may leave them personally liable for any alleged or actual wrong doing.
Managing business risks is critical to the overall performance of a business.  Most companies insure the tangible exposures of property damage and bodily injury but neglect to insure against economic loss. Any business can experience ‘unwelcome surprises’ that could potentially threaten their financial position leaving their managers and owners exposed to personal liability and the business under threat.
Increased regulation has also heightened the operating risk for businesses of all sizes. Management Liability insurance is one way businesses can help protect themselves against ‘unwelcome surprises’.
Given the potential severity of these types of claims, it's worth considering Management Liability insurance.
  • Directors and Officers Liability/Company Reimbursement
  • Employment Practices Liability
  • Statutory Liability
  • Company Liability
Greater Flexibility
Aggregate limits from $1m to $10m can be selected or individual coverage parts can be selected, each with their own dedicated limit from $250k to $5m for most coverage parts (subject to a minimum of 2 coverage parts). 
General Extensions
  • Acquisitions and creations
  • Compensation for court attendance ($100k sub-limit applies)
  • Continuous cover
  • Discovery period available
  • Estates and legal representatives
  • Preservation of indemnity
  • Public and crisis management costs ($100k sub-limit applies)
  • Previous subsidiary cover


Directors and Officers/Company Reimbursement


  • Wide definition of Wrongful Act
  • Automatic reinstatement for non-executive directors
  • Bail and civil bond expenses ($100k sub-limit applies)
  • Deprivation of assets proceedings ($100k sub-limit applies)
  • Directors tax liability ($25k sub-limit applies) 
  • Extradition expenses ($50k sub-limit applies)
  • Trustees cover for directors on an employer sponsored superannuation scheme
  • Outside position liability
  • 84 months retired director cover
  • Cover for spousal liability
  • Defence costs for pollution (sub-limits apply)
  • Cover for EPL claims made against directors
  • Cover for statutory liability claims made against directors
  • *Includes Company Reimbursement cover with nil excess
Employment Practices Liability
  • Wide definition of Employment Related Wrongful Act
  • Wide definition of Your People
  • Third party sexual harassment ($50k sub-limit applies)
Statutory Liability
  • Sub-limited up to a maximum of $2m or the limit of indemnity whichever is the lesser
  • Provides cover for formal or official investigations by a regulatory, governmental, professional or other authorised institution
  • Covers both defence costs and statutory fines covered (where legally permitted)
Company Liability
  • Provides cover for third party claims  (defence costs & settlements)
  • Breach of contract defence costs ($100k sub-limit applies)
  • Copyright defence costs ($100k sub-limit applies)
  • Automatic cover for Crime Losses ($500k sub-limit applies)
  • Identity fraud ($100k sub-limit applies)
  • Automatic cover for Internet Liability ($150k sub-limit applies)
  • Automatic cover for Tax Audit Costs ($500k sub-limit applies)
  • Optional Extension Cyber cover ($250k sub-limit applies)
Our target market segment for the CGU Business Protection Management Liability Policy is as follows:
  • Private Companies, sole traders and most partnerships
  • With revenues and assets both less than $25,000,000
  • Who have been operating for more than 12 months
  • Who have made a trading profit in the last financial year
  • Whose liabilities do not exceed their assets