Hamish McDonald Nye & Aimee Pozoglou

Did you know that there are 2.78 million companies registered in Australia? Yet, according to statistics released by APRA, very few of these companies seem to buy Management Liability insurance. But there is no reason why these uninsured exposures should remain that way.

Management Liability insurance covers certain risks arising from the actions and decisions of directors, officers and managers, which arise from the running of a business. These actions and decisions could include improper conduct such as sexual harassment, unfair dismissal or defamation. Australian SMEs can not afford to ignore the legal and regulatory risks of their operations. Fines from various government or industry regulatory bodies can reach hundreds of thousands, or even millions of dollars for very serious breaches. In addition, the cost of defending litigation can cripple otherwise healthy and profitable businesses.

During this webinar, you’ll hear from the experts who designed and built ProRisk’s Management Liability offering. We’ll take you through the product, what it covers and how it works with reference to real life claims examples.