As a business owner, board director, or officer, perhaps one of your most crucial tasks is protecting the business. That includes insuring various aspects of your venture so that when a troublesome situation arises, your enterprise would not be caught off guard. Thus, management liability insurance is an essential type of insurance every company should have.
Management liability insurance aims to protect directors, managers, and business entities from claims like sexual harassment, wrongful termination, and discrimination. It also covers other matters that pertain to governance, finance, and management activities. A standard Buderim management liability insurance policy includes director’s and officer’s liability, fiduciary liability insurance, employment practices liability, and special crime insurance. These may be separate, or combined in a single package.