Management Liability Insurance

Here is everything you need to know about Management Liability Insurance. Our Business Insurance experts break down the complexities.

• Unfair dismissal
• Wrongful termination
• Sexual harassment
• Bullying
• Misleading and deceptive conduct

These are all words that make an employer cringe – with the world is becoming more litigious by the day are you protected?

Did you know:

• 50% of management liability notifications result in a claim
• The average cost of an unfair dismissal claim is $50,000
• 59% of management liability claims are employment practices liability
• 70% of statutory liability claims come from OH&S
• 60% of frauds take over 3 years to detect (Warfield & Associates)

Management Liability Insurance Can Provide Cover For:

• Company reimbursement – claim against insured persons for wrongful acts or employment practice breach
• Entity – claim against the company for wrongful acts or employment practice breach
• Employment practices breach
• Statutory liability
• Crime
• Tax audit costs

This policy can also include a cyber risk extension.
If you would like to know more or would like a quote, contact Carbon Insurance Brokers