Owning and operating an engineering business carries with it significant legal responsibilities and risk exposures. In today’s litigious environment, Management Liability Insurance is an essential policy if you own or manage a business.
Management Liability Insurance is designed to protect you, your business and your personal assets against significant financial exposures and legal expenses should you find yourself in one or more of the following situations:
- Alleged wrongful acts by owners, directors or senior management
- Dishonest acts by employees e.g. embezzlement of money or products
- Claims made by employees resulting from employment practices e.g. allegations of harassment, bullying, wrongful dismissal
- Facing statutory fines and penalties
- Tax audit costs
EngInsure will work with you to ensure your business and personal assets are insulated against the risks of operating an engineering business in Australia.
Please Note: Below are some of the more common insurance policy features, however, the list is not exhaustive and some features may not be offered by certain insurers. Please refer to the insurer-specific policy wording for inclusions, exclusions, terms and conditions.