Management
Liability Insurance

Management Liability, sounds complex right?

That’s because it is. But with the right insurance broker it can be easy. Talk to Holdfast today to get covered.

Companies and company directors can be held liable for their decisions in running the business. Not only directors, but managers and employees can also be held personally liable for their decisions in running their companies and most people are not even aware of their full responsibilities under the law.

In the past decade, we have seen a tremendous increase in business failures, regulatory investigations, employment practice claims, employee theft and regulatory actions for private companies. In this uncertain business climate, every private company should be protected by Management Liability Insurance.

Management Liability Insurance covers the exposures & risks in managing a business.
It can protect you from:

• Breaches of director’s duties and/or fiduciary duties, including breach of trust

• False, misleading & deceptive conduct by directors/officers and employees

• Actions alleging improper and illegal conduct

• Statutory breach of duty i.e. under legislation

• Workplace Health & Safety prosecutions and inquiries

• Employment: unfair/wrongful dismissal, discrimination, harassment, wrongful failure to employ or promote

• Defamation by directors/officers

• Breach of intellectual property rights by directors/officers

• Employee theft, including theft of money and property

• Statutory fines & penalties

• Taxation investigation costs

Can we help with anything else?

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