INSTANT QUOTE ONLINE
You will need:
1. Your ABN
2. An estimate of your Yearly Income (How do I calculate this?)
What is Management Liability Insurance?
And why does my NDIS business need Management Liability Insurance?
Everyone loves a surprise, except when you are a company director of an NDIS business.
Company directors carry specific responsibilities which may leave you personally liable for any ‘unwelcome surprises’. And no-one loves risking their personal assets!
Management Liability Insurance helps protect an NDIS company and its management (directors) against the risks and exposures associated with running the company.
What is the difference between Professional Indemnity and Management Liability?
Where Professional Indemnity Insurance covers the advice or service you provide to your NDIS clients, Management Liability Insurance covers the act of running your NDIS business.
A Management Liability policy* can help protect your NDIS business and personal assets against legal costs for allegations of mismanagement, misconduct or legislative breaches.
For example:
- OH&S dramas
- Unfair Dismissal
- Sexual Harassment
- Statutory breach of duty
- Defamation
- Statutory fines & penalties
How do I get Management Liability Cover for my NDIS business?
Our insurance partner, BizCover, can help you get Management Liability cover to add to your existing NDIS insurances as well as offering for purchase other insurances including:
- Public Liability
- Professional Indemnity
- Cyber Insurance
- Business Package Cover
Ask an agent today!
Call 02 8287 6576
or to get a quote for the whole package online use the button below
INSTANT QUOTE ONLINE
You will need:
1. Your ABN
2. An estimate of your Yearly Income (How do I calculate this?)
A Management Liability Policy can cover
- Directors & Officers Liability – protects directors and officers from losses due to claims of actual or alleged wrongful acts in their role as a director or officer. If the company indemnifies the director or officer for such liability, it will be entitled to cover under the Company Reimbursement section of the policy
- Corporate Liability protects your company against claims of alleged or actual wrongful acts by it (as opposed to claims being made against the directors or officers).
- Employment Practices Liability – which covers a company from claims made by employees in relation to their employment conditions or breaches of employment laws. This can include claims alleging unfair dismissal or discrimination.
- Crime– covers you against direct financial loss as a result of theft or attempted theft from your business premises.
- Statutory Liability – covers the company, senior management and employees for allegations of wrongful breaches of key legislation in the course of the Insured's business. The policy will meet fines and penalties payable in specified circumstances and related legal expenses
With potential penalties that range from hefty fines, all the way through to disqualification and possible imprisonment, there is a clear need for an effective and immediate way to protect yourself.
*As with any insurance, cover is subject to the terms, conditions and exclusions contained in your policy document. The information on this webpage is general only and should not be relied upon as advice.
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