Management Liability Insurance Protects you from Operational Risks


Employee claims

Disgruntled employees will more often than not sue the company for anything ranging from harassment and bullying to wrongful dismissal. More than half of the Management Liability claims filed are related to employment practices. Under the Fair Work Act, there are more than 16,000 unfair dismissal claims per year processed, with the average cost of each claims in excess of $50,000.

Statutory fines and penalties

The most common claim under the Statutory Liability coverage involves charges of Workplace Health and Safety (WH & S) violations. Management’s duty is to ensure the workplace is safe by means of a Workers Health and Safety audit and an annual safety measures report. Brokers who offer management liability insurance in Buderim and the Sunshine Coast, like Insuring theProduct, help their clients find the policy that will promote these and ensure that all their bases are covered.
http://insuring.theproduct.com.au/news-updates/info-articles/management-liability-insurance-protects-operational-risks/

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Management Liability Insurance Brokers Urge SMBs to Mind their Risks


Apart from training managers, business owners in the Sunshine Coast can also enlist the assistance of their HR specialists as well as experienced management liability insurance brokers such as Insuring theProduct. Such a company can recommend what insurance policies businesses can get to protect themselves from various management liability lawsuits including Employment Practices liability. Brokers normally use a management liability insurance fact-finder who can advise business owners on how to craft their policies after conducting thorough research and report about a business’ historical claims, projected trends, and contracts for the duration of the insurance policy.
http://insuring.theproduct.com.au/news-updates/industry-news/management-liability-insurance-brokers-urge-smbs-mind-risks/

Facts about Management Liability Insurance in Buderim: D&O Insurance


“Owners of private businesses are highly encouraged to study the value of getting reliable management liability insurance not only for their directors and officers but also for other potential lawsuit hazards in their company.

Management liability insurance has developed rapidly over the last decade and is now considered an integral part of a small business insurance program. Extensions are available to cover Employment Practices Liability, a range of Statutory Liability exposures some times including fines and penalties.”
http://insuring.theproduct.com.au/news-updates/info-articles/facts-management-liability-insurance-buderim-insurance/