Management Liability, Sole Traders and Association Liability Insurance

Protecting small to medium size private companies across Australia

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

These risks could include employment disputes, investigations by an official body (such as OAIC, Coroners Inquiry, or AHPRA investigations), tax audits by the ATO, financial crime, statutory liability, or allegations of breaches of law by directors or officers of the company. As an Australian small business, failing to secure legal management liability insurance can expose you to serious regulatory risks. Violations of regulations can result in substantial fines from government or industry regulatory bodies, potentially amounting to hundreds of thousands or even millions of dollars. Additionally, the cost of litigation defence can be crippling for an otherwise profitable 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 insurance coverage!

At upcover, we understand the stress of responding to a legal proceeding, dealing with a complaint, or becoming the victim of financial crime. The management liability insurance we provide serves as a safety net, helping to minimise your out-of-pocket expenses related to legal bills, dispute resolution, or financial settlements. This allows you to keep your focus on running your business without worrying about legal or financial setbacks.

Why is management liability insurance important for companies?

Management liability insurance is crucial for businesses because it provides protection against risks that arise from the decisions and actions of directors, officers, and managers. These risks can include allegations of discrimination, harassment, wrongful termination, breach of contract, and negligence.

If a claim is made against a company's management team, the cost of legal fees and settlements can be significant. Without the right management liability insurance policy, these expenses could be financially devastating to your company.

Furthermore, management liability coverage protects businesses from lawsuits and regulatory investigations that could lead to severe penalties, fines, and reputational damage. This makes management liability insurance a critical investment for safeguarding a company's financial health.