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Management Liability Insurance

Specific duties and responsibilities are imposed on directors, officers and senior managers as to the conduct in which they run a business. The responsibilities are imposed under contract conditions, common law and statutory legislation and, in most circumstances, the individual director or officer will be held personally liable.

You might consider an action taken by a third party is baseless, however dealing with a dispute means obtaining legal advice which often results in significant costs. Defence and investigation costs alone can be financially crippling for businesses and individuals personal assets.

There is a simple and very cost effective insurance solution and it’s known as Management Liability Insurance which provides packaged solution tailored for small to medium sized private companies, public unlisted companies, non-profit associations and associations.

 

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