Lauw

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.

Claim 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

Management Liability

Partnership Protection

LAUW has unique Management Liability product available for Unincorporated Partnership.

See Policy Benefits for more details.

Management Liability

Proposals

Management Liability

Policy Benefits