Management Liability

Whilst the personal liability of an organisation’s board of directors and management team can be ruinous for organisations and individuals at the helm. On the other hand, an organisation’s liability is limited by guarantee or shares it is not so for the individual Directors and their personal assets are potentially at risk. Whether it be an employee injuring themselves at the worksite and the government regulator seeking to investigate and issue a fine, or a disgruntled employee asserting that you terminated their employment unlawfully, the Australian Tax Office or Department of Health auditing the workplace, or an employee with sticky fingers misappropriating money or other company assets, there is a raft of potential issues that can arise in running a business.

Although well-defined organisational and board processes can help reduce exposure to some extent, you can ensure that both you and your medical organisation are better protected against legal action or even an allegation of wrongdoing and with a properly structured management liability policy you can do just that. So, what you waiting for? Protect yourself and your organisation against these risks and liabilities before it’s too late!

Protecting Your Organization against Unwanted Risks and Liabilities

At Medico Insurance Services, through our panel of insurers, we are able to provide a broad management liability policy for your peace of mind so you can manage your business without the worry. Therefore, if there are allegations made against you, you are compensated as far as the defence costs. With our management liability insurance policies, you will get coverage for the following:

• Defence costs for Statutory Liability
• Employment Practices Liability
• Fidelity (employee crime)
• Tax audit (or audit by other government regulator)
• (Inadvertent) misleading advertising
• Directors and Officers liability

Get In Touch With Us!

Do you need management liability insurance? Then look no further than Medico Insurance Services. For more information about our management liability program or to schedule an appointment with us, please feel free to call us on 03 9010 3161.