Management Liability - online with an improved wording

We have almost finished the rollout of Management Liability onto CGU Connect via the Sunrise exchange and will be complete by mid-Dec. So far we have received overwhelmingly positive feedback on how easy and simplistic the new online quote and bind functionality is to use. 

To ensure we offer competitive and compelling Business Protection Management Liability solution for your clients, we have taken on your feedback and reviewed the wording to assess how we could improve the already broad coverage, to meet your customers’ needs.

The Business Protection Management Liability product now offers the following wording enhancements:

General Conditions
Territorial Limits/Jurisdiction Territorial Limits have been added to General Conditions and are now worldwide excluding USA and Canada. Previously cover was limited to Australia and New Zealand only.
 
Coverage Part 1 – Director’s & Officers Liability/Company Reimbursement
Deprivation of Assets Proceedings New extension for Deprivation of Assets Proceedings (sub-limited to $100k)
Extradition Expenses New extension for Extradition Expenses (sub-limited to $50k)
 
Coverage Part 4 – Company Liability
Breach of Contract Defence Costs The Policy now provides Breach of Contract Defence costs (sub-limited to $100k).
Identity Fraud Policy now provides Identity Fraud cover (sub-limited to $100k).
Breach of Contract The Breach of Contract exclusion has been amended so it is no longer an absolute exclusion.
Definition of Claim Now includes cover for investigation costs for the Company whether or not a Wrongful Act has been alleged.
 
Business Protection Management Liability protects SME businesses from unwelcome surprises that can threaten the business’s financial position. 

Don’t forget you can tailor the coverage to offer greater choice and flexibility, and with premiums starting  as low as $750.00 plus charges, this solution represents excellent value for your clients.