Covers: 

Employment Practices Liability
Fines and Penalties
Fidelity Guarantee
Directors and Officers Liability
Company Reimbursement
Company Cover
Superannuation Trustees 


For private companies, not-for-profit organisations, associations and partnerships with revenue up to $50,000,000. 

Many people think that when a business is sued the Pty Ltd or legal entity bears the brunt of the claim. It is often overlooked that the people who run the company are often personally liable too. Reimbursement from the organisation is not available in many instances. Personal assets are therefore at risk.

Call our specialist underwriters:

David Porteous, Underwriting Manager, on 02 8274 8164 or via email here.

Freddie Arguelles, Senior Professional Risks Underwriter, on 02 8274 8139 or via email here.

Lisa Miranda, Professional Risks Underwriter, on 02 8274 8136 or via email here.

Download the proposal form here

Download the policy wording here

Download the fact sheet here

More on Management Liability Insurance with Brooklyn Underwriting:

The Brooklyn Management Liability policy is a combined policy specifically tailored to meet the needs of private companies including Not for Profits organisations, Partnerships and Associations. The various policy sections address a wide range of exposures often overlooked by the SME sector. The product is specifically tailored to suit the needs of SME’s with revenue of up to $50,000,000.

All staff and directors of an incorporated entity are personally exposed to liability for a breach of the duty they owe. Even a groundless claim could be enough to destabilise the company and cause undue stress and financial hardship to an individual. An innocent act, error or omission can be enough to generate a claim against an individual and/or against a company.
Who needs it?

If your client answers yes to any of the following questions the possibility of being involved in a Management Liability claims exists for both the individual and/or against a company.

1. Does the company have customers/clients?

2. Is the company required to comply with any legislation?

3. Does the company have employees?

4. Does the company have competitors?

5. Does the company incur debts?

6. Does the company have dealings with other third parties?

The Brooklyn Management Liability Policy has been specifically designed to cater to the needs of SME’s

What is covered?

There is more to a management liability policy than traditional D&O cover. The policy provides the following covers:

Management Liability – provides protection for the individual when the Company cannot reimbursement the individual. This means that individuals will not be personally out of pocket, funding legal costs, when they are sued in their capacity as an employee, director or officer of the company.

Company Reimbursement – provides reimbursement to the company in the event that an individual has been indemnified by the company. This section ties in with the company’s indemnification provisions in their Constitution.

Company Liability – provides protection for claims made against the entity in certain circumstances. Note that this section should not be confused with Company Reimbursement coverage, which does not cover the entity per se. Traditional Directors & Officer policies typically do not provide this cover.

Employment Practice Liability – protection for the individuals and the company for claims involving those frequently occurring employee disputes. With the ongoing changes to workplace legislation it is often confusing for employers to stay on top of their duties and obligations. Employees are more aware than ever of their rights and will not hesitate to make a complaint if they feel they have been unfairly treated. Consider also that a potential employee (someone that you decided not to hire) could bring an action against you for discrimination!

Superannuation Trustees – relevant for companies who have company sponsored staff superannuation funds in the event that a breach by the Trustee occurs.

Fidelity Guarantee – provides protection for the company for loss of money or money equivalents due to any dishonesty or fraudulent act or omission of employees.

Fines and Penalties – provides for individuals in the event they are ordered to pay monetary sums to a regulatory authority.