Secure Your 
Leadership Legacy
Find the best management liability insurance for yourself and your business with CIA.

Contact Us


Comprehensive Cover For Directors, Officers, And Sole Traders 

Owners and managers of a business may be personally liable for any actual or alleged breaches of the Corporations Act. In the event of a lawsuit, directors and business owners may face personal risk, with their assets being on the line. This not only puts them in a risky leadership position, but also limits their ability to capture possible business opportunities for fear of personal liability. 

If you are faced with unexpected liability costs, management liability insurance can protect your business and personal assets, such as your home, from being sold to cover the cost of paying claims.  

What Is Management Liability Insurance?

Management liability insurance is a form of insurance that protects companies and their management teams against lawsuits and claims from their decisions and actions. It is common among directors, officers, and sole business traders, as it covers them in the event of unexpected liability costs.  

Whether you own a large corporation or a small business, having the right management liability insurance provides the assurance you need to stay protected in your role, helping you make decisions with confidence.


What Does Management Liability Insurance Cover? 


Payouts for claims of employment breaches, such as wrongful dismissal, bullying or discrimination


Protects your company’s past, present and future directors, officers and managers against claims of wrongful acts, such as misrepresentation or breach of duty


Protects your business against claims such as employee or third-party fraud


Statistics To Consider 



  The most common workplace claims types are bullying, harassment and wrongful dismissal




Australian company boards spend 55% of their time discussing risk and compliance issues




Employees commit around 24% of frauds at Australian companies



Over 13,000 claims for unfair dismissal were lodged in Australia in 2020-21





Case study: Why A Management Liability Cover 
Makes All The Difference


Scenario

A former employee claims they were wrongfully dismissed from your business because they were unwell at the time their position was terminated. They want to be reinstated to their role and remunerated for their loss of income while they were out of work. After numerous unsuccessful conciliation attempts, the matter is brought before a court and you have to pay damages to your former employee.

With Management Liability Insurance

A management liability policy allows you to recover some or all of these costs, so you can continue to run your business.
Depending on your policy, you may also be able to make a claim for your legal defence costs, as well as the amount paid to your former employee.

Without Management Liability Insurance

Unfortunately, you must compensate your employee out of pocket, which may require you to sell your business or personal assets.
Additionally, you will also have to pay for the legal costs - leading to financial distress.


Secure Yourself From Unexpected Events

As managers, officers, and directors navigate an increasingly uncertain time, their actions can sometimes bring unwanted consequences. Despite the best intentions, mishaps and breaches of compliance can happen, bringing unwanted financial liability.
At CIA, we understand the importance of securing your business and personal assets. Our tailored covers can protect you on all fronts, keeping your assets secure in the event of a claim against you.
Our dedicated team will also advocate on your behalf in the event of a claim, ensuring you are properly supported during the process.
 


Why Choose Consolidated Insurance Agencies?

With a deep understanding of businesses across a range of industries, our brokers can effectively determine your company’s specific risk profile and tailor the right insurance policy - saving you valuable time researching and comparing cover options.

As part of the Steadfast network, our brokers have the power to negotiate better prices and policy terms for you. You can also gain access to exclusive Steadfast policy terms that offer broader and more comprehensive coverage. No matter your needs, we can ensure your risks are covered by arranging customised policy options. This means better business protection at competitive prices.

Enjoy the backing of Australia’s largest general insurance broker network, which manages more than 3.2 million policies for small to medium businesses. As part of the Steadfast network, CIA gives you access to policies across local and international markets - helping you find the coverage you need.

Find The Right Management Liability Insurance Or Review 
Your Existing Cover Here

Contact us to discuss your needs  

Contact us