Management Liability
Insurance
Tailored Statutory Liability, Tax Audit, and more
Flexible monthly payment option
Cover for OHS breaches, unfair dismissal claims and more
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What is Management Liability insurance?
Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of wrongful acts in the management of the business. It helps cover legal fees, defence costs, and some fines and penalties.
Running a business comes with great risk and responsibility. As a company director, officer or senior manager, you need to be on your A-game to protect the financial wellbeing of the company (and potentially, your personal assets too). But, things don’t always go to plan.
Management Liability insurance is suitable for businesses in a wide range of industries, helping them manage unfair dismissal claims, discrimination allegations, OHS dramas, and more.
Why do I need Management Liability insurance?
Running a business comes with risks. Even with good workplace practices, accidents and misunderstandings could create expensive claims for yours. A Management Liability claim could be caused by:
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
Allegations of sexual harassment or discrimination.
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
To learn more about the Management Liability cover provided by our insurance partners, please read their policy wordings.
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Who needs Management Liability insurance?
Small businesses in many industries can benefit from Management Liability cover, including:
- 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
What our Management Liability insurance covers
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/Entity 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: Provides coverage for loss of money, securities or tangible property as a result of crime. It is also called Fidelity insurance.
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 meets fines and penalties payable in specified circumstances and related legal expenses.
Tax Audit: Available in some Management Liability policies, cover for accountants’ fees incurred in connection with an audit by the Australian Taxation Office.
How much does Management Liability insurance cost?
Management Liability insurance costs $112 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, the size of your business, industry risks, and other factors.
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.
Unsure how much to choose? Think about:
Statutory requirements
Number of employees being covered
Worst case scenario claim size
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 2024 to Jun 2025 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
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 over yourself, 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 over yourself, 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
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
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.
Management Liability claim example
A real estate agent was issued an infringement notice by a government department. The government alleged that the agent had breached section 15(3) Building Energy Efficiency Disclosure Act 2010. The breach in question occurred when the real estate failed to include a valid energy efficient rating when advertising a building for rent.
However, the Statutory Liability section of their Management Liability policy was triggered, and the real estate agent was covered for the penalty of $42,500.
The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy is determined by the insurer, and not BizCover.
See How Much Others Have Saved By Purchasing a 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 is [DT16.1]an important form of cover for small and medium-sized businesses in many industries.
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 both provide protection for individuals and companies, but they each cover different risks.
Management Liability insurance covers wrongful acts in the management of a business, while Professional Indemnity 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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