Management Liability Insurance

The Insured is a Training Consultancy business. It was discovered that the company’s attorney and advisor was not registered to practice law leading to a formal investigation of criminal and illegal behaviour by the Legal Services Commission. Following his dismissal, the individual conducted himself in a violent and abusive manner. This included a threats of physical harm and death directed at the Insured. The Insured sought reimbursement of crisis management costs.

The Insurer Paid Crisis Management Fees to the value of $60,000

The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned.

As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained in this email is general only.  Coverage for claims on the policy will be determined by the insurer, not BizCover for Brokers, and will depend on the specific facts and circumstances involved.