Management Liability

LAU offers “Benchmark” a comprehensive and competitively priced management liability solution to small to medium companies. 

The policy protects both the Individual and the company in relation to exposures associated with managing a company. 

The policy is targeted at not-for-profits, private and public unlisted companies. It can be offered to listed corporations but LAU’s broad form D&O policy “Shield” may be better suited to a client of this nature.

 

Claims Examples

 

  • Directors sued over allegedly misleading statements to the public / shareholders as to the financial position of the company.
  • Regulatory authorities investigating and prosecuting Directors over the same statements.
  • Creditors and customers taking action against Directors for insolvent trading.
  • Employees bring claims against the Company and / or a Director or Officer for wrongful termination of employment, failure to employ, discrimination, harassment, and invasion of privacy.
  • Directors being sued/prosecuted for breaches by the company of OH&S legislation.
  • Directors and Officers being sued for alleged misuse of confidential or copyrighted information.
  • Directors being prosecuted for breaches of the Corporations Law.
  • Employee theft of money or securities.

The Policy

The policy offers the following Insuring Clauses:

  • Directors & Officers Liability
  • Company Reimbursement
  • Employment Entity Liability
  • Crime Cover
  • Entity Cover
  • Fiduciary Liability

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