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Management Liability
Overview
Management Liability Insurance protects the individuals and the company in relation to the exposures associated with managing a company. The key elements of the cover are as follows:
Directors and Officers
Covers the Directors and officers (including where the company can reimburse the Directors) for any claim alleging a Wrongful Act (negligence, breach of duty, misrepresentations) by a Director or Officer.
Company Cover
Covers the Company where there is a claim against the entity alleging wrongful acts.
Employment
Covers the Company for claims alleging employment breaches including wrongful dismissal, discrimination, harassment, deprivation of career opportunity, breach of contract etc.
Trustee
For trustees of staff superannuation fund
Crime
Covers the company for theft by its employees.
All the above key covers are included in the Management Liability policy from Qsure. In addition, further sub limit benefits and extensions to the cover will apply. Full details in the Schedule of Insurance provided on receipt of your application.
Cost of Cover
The premium for this cover is $475.00 in all states. If taken in conjunction with the Qsure Newsagency Scheme a reduction in premium of $123.00 will apply.
Apply Now
Complete the application form then email or fax back to us on 07 3832 3349.
Endorsements
The Qsure Management Liability Insurance Policy is issued on a CLAIMS MADE basis.
This means that this policy responds to:
Claims first made against you during the policy period and notified to the Insurer during that policy period, providing that you were not aware at any time prior to the policy inception of circumstances which would have put a reasonable person in your position on notice that a Claim may be made against you; and
Pursuant to Section 40, sub-section 3 of the INSURANCE CONTRACT ACT 1984 which states:
Where the Insured gave notice in writing to the Insurer of facts that might give rise to a Claim against the Insured as soon as was reasonably practicable after the Insured became aware of those facts but before the insurance cover provided by the contract expired, the Insurer is not relieved of liability under the contract in respect of the Claim, when made, by reason only that it was made after the expiration of the period of insurance cover provided by the contract.
