Management Liability, Sole Traders and Association Liability Insurance

Protecting small to medium size private companies across Australia

At upcover, the Management Liability insurance we offer is a comprehensive coverage to protect your business against potential risks stemming from the actions and decisions made by directors, officers, and managers while running your business.

These risks could range from employment disputes, investigations by an official body (such as OAIC, Coroners inquiry's, AHPRA investigations), tax audits by ATO, financial crime, statutory liability or potential allegations of breaches of law by directors or officers of the company. As an Australian small business, ignoring the legal and regulatory risks associated with your business operations. Violations of regulations can result in substantial fines from government or industry regulatory bodies that can reach hundreds of thousands or even millions of dollars in serious cases. The cost of litigation defence can also be crippling to your otherwise profitable and healthy business.

With limits of up to $10m Management Liability Insurance, this cover is perfect for all types of small to medium size private companies.

Why choose upcover for management liability insurance?

upcover’s got your back with management liability cover!

At upcover we understand the trauma of going through a complaint, responding to a legal proceeding investigation or being the victim of a financial crime. The management liability insurance we offer aims at working as a safety net to minimise your out-of-pocket expenses, in paying legal bills, responding to or even settling a dispute - so you don’t have to lose focus on running your business, or part with your hard-earned savings.

Why is management liability insurance important for companies?

Management Liability insurance is important for companies because it offers coverage for risks and exposures that arise from the decisions and actions of directors, officers, and managers while conducting business. These risks could include allegations of discrimination, harassment, wrongful termination, breach of contract, and even negligence.
If a claim is made against a company's management team, the cost of legal fees and settlements can be significant, and without the right insurance coverage, the financial consequences can be devastating to the company's financial health.
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Management Liability insurance also provides protection against lawsuits and regulatory investigations, which can otherwise lead to substantial penalties, fines, and damage to the company's reputation. Therefore, having Management Liability insurance is essential for companies to mitigate the risks associated with their operations and protect their financial assets and reputation.