MANAGEMENT LIABILITY INSURANCE
AMC INSURANCE PTY LTD
MANAGEMENT LIABILITY INSURANCE
As a broker, AMC Insurance have various insurers we access to quote Management Liability Insurance for your business, regardless of your industry segment.
We have over a decade of experience in negotiating financial lines products (e.g. Management Liability, Professional Indemnity, etc.) across a variety of sectors. We work hard to tailor policies to protect our clients’ from risk, whilst maintaining competitive rates.
We are committed to guiding firms needing management liability insurance through the process of obtaining cover by providing professional advice in easy-to-understand language.
WHAT DOES MANAGEMENT LIABILITY INSURANCE COVER?
There are generally five (5) main covers that make up a Management Liability policy:
- Directors and Officers
- Company Liability
- Employment Practices Liability
- Statutory Liability
- Crime
Some specific insurers in the market may also provide access to a Kidnap & Ransom cover, and a limited Cyber Liability extension.
Within the core covers outlined above are many benefits and automatic extensions that may vary from insurer to insurer.
WHAT TYPES OF BUSINESSES CONSIDER MANAGEMENT LIABILITY INSURANCE
In short, all types of businesses can consider this product – it doesn’t matter what industry you are in (i.e. professional services, retail, construction, finance, hospitality, etc.) there exists an exposure and this type of insurance helps mitigate the legal and commercial costs associated with those risks.
It could be said these types of policies were historically established for corporate organisations or large scale businesses. For example, access to these products used to be limited to Directors & Officers protection, but insurance companies wanted to expand the cover for their customers (whilst improving their own income streams!) and over time the Management Liability product became widely available.
Nowadays, especially due to the complexities of being a business owner or director, there are numerous exposures in running a company. Many customers look to take out the cover specifically for the Employment Practices Liability to offer protection for employee related risks like unfair dismissal, harassment, etc.
HOW MUCH WILL MANAGEMENT LIABILITY PREMIUMS COST MY BUSINESS?
Unfortunately, it is too difficult to provide an indicative cost; many factors are involved including:
- Level of professional fees, gross revenue, and/or wages
- Staff numbers
- Types of services or business
- Policy limits
- Prior claims
We are happy to help your business navigate the costs and options a available and welcome you to complete our online quote form.
WHY DO I NEED A BROKER TO ACCESS MANAGEMENT LIABILITY INSURANCE?
There are many types of specialised insurance products on the market that insurers do not deal directly with the public on. This is often because of the complex nature of the product and requirement for specific advice by a qualified insurance intermediary. At AMC Insurance, as brokers, we only ever work on behalf of your business and not for the insurer.
Even if you access cover via an online portal you are not likely dealing direct with an insurer. Some online brokers provide an advantage for firms who require transactional coverage. However, Management Liability is a complex risk to navigate and having an experienced broker is a strong asset for all businesses.
WHAT ARE THE BENEFITS OF CHOOSING AMC INSURANCE AS A BROKER COMPARED TO OUR EXISTING PROVIDER?
AMC Insurance are a niche broker specialising in limited industry segments and products. Therefore, we can provide our clients tailored advice on their insurance needs. Our structure and experience allow us to respond efficiently with high quality service standards.
Alex Conlon
Director | M: 0409 092 947 | E: alexc@abterrace.com.au