Management Liability
Management liability insurance covers the personal liability of the Directors and Officers of the business for their responsibilities relating to; company management, corporate governance and statutory compliance.
The insurance policy covers the business for employment-related actions such as wrongful dismissal or workplace harassment. It covers (most) statutory fines and penalties the business may incur as a result of breaching legislation or regulation.
Management Liability policies vary in the benefits they provide but typically cover (as per the policy terms and conditions):
- Employment Practices Liability – covers employment breaches such as wrongful dismissal, harassment or discrimination
- Directors’ and Officers’ Liability – protects directors and officers against claims of wrongful acts including breach of fiduciary duty
- Statutory Liability – protects the company, its directors and officers against fines and penalties imposed following a breach of legislation
- Crime – protects your business against employee or third party fraud
![0600_81_William_St_Lobby_690 0600_81_William_St_Lobby_690](https://plannedcover.com.au/wp-content/uploads/2024/04/0600_81_William_St_Lobby_690.jpg)
Case Study
An employee was caught accessing inappropriate websites and sending inappropriate emails during office hours. The employee was dismissed for breaching the company’s internet policy. Fair Work Australia found that the decision to dismiss was unfair. They took into account the employee’s previous good behaviour and the fact that the internet policy was regularly breached by other employees without consequence. They also found the employee was not given the opportunity to respond to the allegations before the dismissal. The company was ordered to pay $50,000 compensation and had legal bills amounting to $40,000.
Success stories
-
Knight Frank Valuation & Advisory
Nick Bell - Partner
The advice and service provided by Cos and his team is exceptional. Apart from industry knowledge expertise, the additional value-add offerings around risk management are well received.
READ MORE -
Oxigen
James Hayter - Director
Oxigen continues to enjoy a productive relationship with Planned Cover that has supported our practice for over 25 years and in ways that extend beyond the provision of insurance cover and professional advice. The Planned…
READ MORE -
FK
Mark Murphy - Managing Partner
The Planned Cover relationship supports our high standards of design and project delivery performance by partnering with the FK board and leadership team on various risk mitigation strategies and by tailoring insurance solutions that adapt…
READ MORE -
Ashton Associates
Mark Ashton - Director
The service provided has been exceptional and the Perth Office has always been there for us obtaining competitive quotes, improving our insurance understanding through seminars, and providing advice on those complex service contracts.
READ MORE -
CCEP GROUP
Bryce Dodd - Managing Director
Planned Cover, led by Marie and the team, has been our trusted insurance provider for over two decades. Their prompt, professional service and expertise in professional indemnity and public liability insurance have been invaluable to…
READ MORE -
Ashburner Francis
Brian Kenny - Managing Director
Our partnership with Planned Cover has been ongoing for many years, and offers peace of mind by helping us navigate the complex world of professional insurance.
READ MORE -
CMP Consulting Group
Greg Chalmers - Director, CMP Consulting Group
Planned Cover has provided CMP’s Professional Indemnity for almost the entirety of our 15-year history. We have found their staff to be friendly, proactive and helpful in getting comprehensive policies in place for a reasonable…
READ MORE -
GRC
Andrew Brady - Managing Director
With a myriad of services, clients and sectors that GRC covers, the team at Planned Cover has been instrumental in sourcing insurance that meets our ever-evolving business by knowing how we operate and how we…
READ MORE -
Covey Associates
Kevin Covey - Director
Covey Associates has been using Planned Cover for their Professional Indemnity Insurance needs for over 20 years. Thanks to Marie Bailey’s exceptional customer service and personalised approach, along with her extensive knowledge of all thing’s…
READ MORE
Proudly endorsed by
![](https://plannedcover.com.au/wp-content/uploads/2024/04/Association-Partners.jpg)
![](https://plannedcover.com.au/wp-content/uploads/2024/04/Association-Partners2.jpg)
![](https://plannedcover.com.au/wp-content/uploads/2024/04/Association-Partners3.jpg)
![](https://plannedcover.com.au/wp-content/uploads/2024/04/Association-Partners4.jpg)
![](https://plannedcover.com.au/wp-content/uploads/2024/04/Association-Partners5.jpg)
![](https://plannedcover.com.au/wp-content/uploads/2024/04/Association-Partners6.jpg)
![](https://plannedcover.com.au/wp-content/uploads/2024/04/Association-Partners7.jpg)