What is Management Liability Insurance?
When you're running a business, you may be personally liable for any actual or alleged breaches of the Corporations Act. And it's not just large companies that are exposed - small and medium business owners and officers could be at risk as well.
Management Liability insurance covers the costs of defending directors, managers and employees against any claims that are the result of their actions or decisions.
Why do I need it?
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.
Did you know?
Many businesses think it won't happen to them, but statistics show otherwise. In fact:
X3
The likelihood of a claim that could be covered by a Management Liability policy has tripled in the last five years. With 50% of notifications resulting in a claim (Chubb 2016 Private Company Risk Survey)
Review your business insurance in Melbourne today!
At Arcuri & Associates, we take great pride in assisting you by finding and brokering your business insurance and we go above and beyond to ensure it is the right coverage for your business. As small business insurance specialists we are always here to answer any of your questions, so get in touch with us today if you would like further information. Remember, with the right insurance cover in place, you can run your business with confidence and peace of mind, knowing that your premises, stock, equipment and reputation will be protected by your small business insurance in Victoria.