Management Liability
Insurance
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Cover for OHS breaches, unfair dismissal claims and more
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What is Management Liability insurance?
As a company director, officer or senior manager, you need to be on your A-game all the time to protect the financial wellbeing of the company and potentially, your personal assets. But, things don’t always go to plan.
Management Liability insurance helps protect directors and officers and the insured company itself from claims of wrongful acts relating to the management of a company, such as unfair dismissal and OHS dramas.
What does Management Liability insurance cover?
OHS breaches
Breaches of Australian workplace health and safety legislation.
Unfair dismissal
Alleged dismissal of an employee in an unreasonable or unjust way.
Sexual harassment and discrimination
Alleged harassment or discrimination made by management.
Defamation
Alleged slander or libel made against management or the business.
Legal & defence
The legal and defence costs associated with a claim.
Statutory fines & penalties
Some fines and penalties you are ordered to pay by the courts.
- Bodily injury and property damage
- Dishonesty or criminal actions (except under the Crime section)
- Insolvency
- Known claims and circumstances.
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3 industries who purchase Management Liability most
It’s good business to set up a plan in place should the worst happen.
- Management Consultants
- Education Consultant
- Communications Consultants
- Human Resources Consultants
- Business Coaching
- Environmental Consultants
- Content Writers
- Nurses
- Aged Care Support Workers
- Chiropractors
- Occupational Therapists
- Physiotherapists
- Disability Plan Management
- Disability Care
Tailor your Management Liability policy
You can tailor your Management Liability policy to suit your businesses’ needs. Types of cover you can take out include:
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 – 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
How much does Management Liability insurance cost?
Management Liability insurance costs $98 per month* on average for BizCover customers, but every business is unique.
The cost of a policy varies based on the number of people covered, the cover options you choose and other factors.
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to Jun 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Click here to check industry wise average prices
Get cover that works with the risks of your business
With BizCover, you can choose Management Liability limits from $1M to $5M to suit your business. This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Statutory requirements
Number of employees being covered
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to Jun 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Click here to check industry wise average prices
Get cover that works with the risks of your business
With BizCover, you can choose Management Liability limits from $1M to $5M to suit your business. This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Statutory professional requirements
Number of employees being covered
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
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How to make a claim online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
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Claim results We will notify
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3 Steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Management Liability could be an important form of cover for small businesses in just about any industry.
Your business may be small, but the risks you face in running it might be bigger than you think. A Management Liability policy could help you manage claims investigation costs, legal and defence costs, some civil fines and penalties, and damages and claimant costs related to wrongful acts in the running of your business.
Management Liability and Professional Indemnity insurance help businesses address common, yet different, risks that they may face.
Management Liability insurance protects directors and officers and the insured company itself from the many exposures relating to the management of a company. This includes events such as an unfair dismissal suit, accidentally breaching certain Australian work safety legislation, or alleged defamation made by someone in your business.
Professional Indemnity insurance covers losses claimed by a third party and defence costs due to alleged or actual negligence in your professional services or advice.
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