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Management Liability Insurance

Choose from four separate covers
Each designed to protect your business against a different management or operational risk
Prefer to speak with a consultant? Call 1300 131 000.

What is Management Liability Insurance?

Management Liability Insurance is designed to help your business cover extra costs incurred to defend a legal claim, replace property which is lost due to employee dishonesty, or pay for professional fees if you’re audited for tax purposes.

Management Liability Insurance is available as part of our Business Insurance Pack only, not as a standalone product.

Pay by the month at no extra charge.1 You can pay monthly or annually at no extra charge to suit you and your cash flow.
Get your quote for Tax Audit cover

What our Management Liability Insurance covers

We offer four separate Management Liability covers, allowing you to select or combine the protection you need. Call 1300 131 000
 to choose the right cover for your business, or buy our Tax Audit cover online.

Part A: Directors and Officers Liability

Liability cover for you or your directors and officers in the event of claims being made by third parties for alleged Management Wrongful Acts(s)4.
  • Wrongful management
  • Losses resulting from a claim against the insured person for Management Wrongful Act(s)4.
  • Legal representation
  • Costs for an insured person to attend an official inquiry.
  • Media costs
  • Up to $100,000 of media costs in the aggregate per period of insurance for you or an insured person who has a claim made against them.
  • Fines and penalties
  • Up to $250,000 cover in the aggregate per period of insurance for specified fines and penalties imposed on you or the insured person.
WHAT'S NOT COVERED
Prefer to speak with a consultant? Call 1300 131 000.

Part B: Employment Practices Liability

Liability cover for specific employment practice breaches brought by employees (or potential employees), such as wrongful dismissal, discrimination or sexual harassment.
  • Employment practices breach
  • Cover for losses resulting from a claim against you for any employment practices breach.
  • Discrimination or sexual harassment
  • Up to $50,000 cover in the aggregate per period of insurance for losses resulting from a claim made by a third party against you for discrimination or sexual harassment.
WHAT'S NOT COVERED
Prefer to speak with a consultant? Call 1300 131 000.

Part C: Crime

Cover for loss of property caused by employee dishonesty.
  • Loss of property
  • Cover for loss of property caused by employee dishonesty up to the sum insured.
  • Cost of recovery
  • We’ll cover up to an additional 20% of the sum insured for costs and expenses incurred with our permission in an attempt to recover property lost as a result of employee dishonesty (where previously agreed).
WHAT'S NOT COVERED
Prefer to speak with a consultant? Call 1300 131 000.

Part D: Tax Audit

Cover for reasonable professional fees incurred for a tax audit of your business.
  • Professional fees
  • We’ll insure you for the professional fees reasonably incurred within Australia in connection with a tax audit that starts during the period of insurance.
WHAT'S NOT COVERED
Prefer to speak with a consultant? Call 1300 131 000.

Exclusions under Part A:  Directors and Officers

  • Any liability directly or indirectly resulting from, or in any way involving, asbestos, or any materials containing asbestos in any form or quantity.
  • Consensual claims made, brought or maintained by or on behalf of any person or entity with the solicitation, co-operation or assistance of any insured person.
  • Dishonesty or improper conduct that involves you or an insured person including committing or permitting any criminal, fraudulent, dishonest or malicious acts, or knowingly, wilfully or recklessly violating any obligation, contract, law or regulation.
  • Claims arising from, attributable to, or in any way connected with an employment practices breach.
  • Claims against you or an insured person arising directly or indirectly from or in respect of any alleged or actual restrictive trade practices.
  • A breach of professional duty arising from the rendering or failure to render professional services and/or professional advice, or a breach or alleged breach of any contract for the provision of professional services and/or professional advice.

Exclusions under Part B: Employment Practices Liability

  • Any claims in connection with employee benefits.
  • Claims in relation to specified industrial actions.
  • Claims in connection with an allegedly unfair contract of employment.

Exclusions under Part C: Crime

  • Losses arising after you have knowledge or information of any prior act of fraud or dishonesty by that employee.
  • Loss arising from failure to make payment of or default under any loan or credit transaction obtained from or made by you whether authorised or unauthorised unless there’s fraud or dishonesty by an employee.
  • Loss of electronic data, including total or partial destruction, misrepresentation, misappropriation, processing errors, or failure or inability to receive it.
  • Any loss arising from people impersonating directors, officers, or other authorised personnel to fraudulently secure company information or funds (Social Engineering Fraud).

Exclusions under Part D: Tax Audit

  • Legal liability, court costs, fines, penalties, tax, penalty tax or interest.
  • Any routine enquiries or enquiries made by an auditor which aren’t identified as being either preliminary to or relating to an audit.
  • For professional fees incurred:

    • Before the start of the audit
    • After the audit’s been completed
    • Due to your unwarranted, improper or unjustified refusal or failure to comply with any lawful request made by an auditor
    • From audits or investigations under customs legislation
    • From audits you were notified of or knew of before the period of insurance
    • From any fraudulent act or omission committed by you or on your behalf by your employee(s)
    • Which are ordinarily associated with the maintenance and upkeep of your business accounts, returns, taxation and financial records and their preparation before lodgement as required by law
    • More than 12 months after the start of the audit, unless you can show that completion of the audit has been delayed as a result of the conduct of the auditor
What Directors and Officers Liability covers
What Employment Practices Liability covers
What Crime covers
What Tax Audit covers
Prefer to speak with a consultant? Call 1300 131 000.

This is a limited summary of some of our Business Insurance Pack covers only. Terms, conditions, limits and exclusions apply. For full details and before making a decision, consider the relevant  Product Disclosure Statement (PDS)/Policy Wording, Supplementary PDS (where applicable) & PDS update (privacy notice) which are available on this website.

Do you need Management Liability cover?

Management Liability Insurance can help protect your business from incurring legal costs or paying compensation in the event of a claim. It can also protect owners and managers that may be exposed to personal loss.

Businesses of any size can experience undesirable surprises in the form of third-party claims that could put a strain on your cash flow. That’s why it’s important to consider the management liability risks your business may face and the insurance options available to you.

Why choose us?

Instant Certificate of Currency

Your proof of insurance, Certificate of Currency (COC), will be emailed instantly after purchase

Pay monthly at no extra charge1

Choose to pay monthly or annually at no extra charge to suit you and your cash flow

Specialist Business experts

Our experts can help you arrange your Business Insurance. Call 1300 131 000 to speak to a Business specialist now

Excellence in claims

Make a claim online 24/7 or find a number for your claims category to lodge a claim over the phone

Ready to get started?

Get an online quote for Tax Audit Insurance.
Or call 1300 131 000  to get a quote for other covers.

Frequently asked questions

The cost of our Management Liability Insurance depends on a number of factors, including the claim limit required and your business type.

Call our dedicated small business team on 1300 131 000 for more information, or get a quote to include Tax Audit cover within your Business Insurance Pack online.

If you buy one of our Management Liability Insurance covers that forms a Business Insurance Pack, we’ll email your Certificate of Currency instantly.

Professional Indemnity Insurance covers you against claims brought against your business by third parties for professional advice or services provided which have resulted in a loss to a third party. This isn’t covered under our Management Liability Insurance covers. Give our team a call on  1300 131 000  to ask about Professional Indemnity Insurance.

Our Management Liability Insurance covers liability for loss caused by a management wrongful act (Directors and Officers), liability for an employment practices breach such as discrimination or sexual harassment (Employment Practices Liability), loss of property caused by employee dishonesty (Crime) and/or reasonable professional fees incurred if audited for tax purposes (Tax Audit).

You can only buy Tax Audit cover online as part of our Business Insurance Pack, which includes Public and Products Liability Insurance. Get a quote and add Tax Audit cover and other additional covers to suit your business.

If you need one of our other Management Liability Insurance covers, call our team of specialists on 1300 131 000.

Our Management Liability Insurance covers are only available to buy as part of the Business Insurance Pack. You’ll need to buy Public Liability Insurance as a mandatory cover and add on Management Liability Insurance covers.

Get a quote online for Tax Audit cover, or call our team of specialists on
1300 131 000 to get a quote for one of our other Management Liability Insurance covers.

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*Conditions apply

  1. Pay by the month (Payment instalments)
    Premiums payable by instalments may be subject to minor adjustments (upwards and downwards) due to rounding and financial institution transaction fees may apply.

  2. Online discount terms and conditions
    A premium discount of up to 10% is applied to your first year's premium when you buy a new Business Insurance Pack policy online.

    Please note that the online discount doesn’t apply to Commercial Vehicle cover, Goods In Transit cover or the following Management Liability covers: Directors and Officers Insurance, Employment Practices Liability, or Crime Insurance (which are only available from our contact centre).

    This discount isn’t applied at renewal.

  3. Minimum premiums may apply
    Any discount and/or entitlements may be subject to rounding and only apply to the extent that any minimum premium isn’t reached.

    If you’re eligible for more than one discount, we apply them in a predetermined order. This means the effect of applying any subsequent discount will be applied to the reduced premium amount after applying any prior discounts. For example, the aggregate effect of applying two discounts consecutively means that you won’t see the full benefit of both these discounts.

    Discounts don’t apply to taxes or government charges. No discounts are applied to Commercial Vehicle cover.

  4. Management Wrongful Act(s)
    Management Wrongful Act(s) means any actual or alleged breach of duty, breach of trust, act, error, omission, neglect, misstatement, misleading statement or breach of warranty of authority. It doesn’t include any employment-related discrimination, wrongful dismissal, workplace or sexual harassment, or other employment practices breaches as defined in the PDS, committed by any Insured Person.

Any advice here does not take into account your individual objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision about this insurance, please consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (if applicable). Where applicable, the PDS/Policy Wording, Supplementary PDS and Target Market Determination (TMD) for this insurance are available on this website.

Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered on this website.

Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered on this website.