Management Liability cover

Management Liability cover

Management Liability cover helps to protect you against some of the financial risks of being in business, including cover options designed to help protect your business from management or operational risk.

What does Management Liability cover?

We offer a choice of four separate Management Liability cover types:

Directors and Officers Liability

Covers you or your directors, officers and employees against claims made by third parties for alleged wrongful acts such as a breach of duty, breach of trust, act, error, omission, misleading statement or breach of warranty or authority that results from a claim that is first made and reported to us during the period of insurance (or discovery period if noted on your schedule).

This cover is not available for purchase online, please call our contact centre on 131 846 to get a quote.

Employment Practices Liability

Covers you for liability resulting from a claim against you for a specific employment practices breach, including third party discrimination, wrongful dismissal or sexual harassment that results from a claim that is first made and reported to us during the period of insurance. Sub limits apply.

This cover is not available for purchase online, please call our contact centre on 131 846 to get a quote.

Crime

Covers you for any loss of property that belongs to you, or for which you are legally responsible , that has been unlawfully taken by an employee. *Conditions apply, see PDS for details.

This cover is not available for purchase online, please call our contact centre on 131 846 to get a quote.

Tax Audit

Tax Audit covers the professional fees reasonably and necessarily incurred in connection with a tax audit of the business by the Australian Taxation Office or other Australian statutory authority.

Refer to the Management Liability Section for further details. Cover is subject to the terms, conditions and exclusions listed in the PDS.

The above descriptions of cover apply to the Business Insurance Pack only. only. The Office Pack and Trades and Services Pack may contain different covers, limits and exclusions, and are not available for purchase online.

All cover purchased online is from the Business Insurance Pack

Talk to a local
Our contact centre and claims teams live and work in the Territory, so we know Territory conditions.
Trusted since 1979
TIO was established in 1979 to offer Territorians a range of insurance options to choose from. We are as committed and passionate about the Northern Territory as you are.

Any advice here does not take into account your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please consider the relevant Product Disclosure Statement (PDS) / Policy Wording and Supplementary PDS (where applicable) which are available on this website.

*Conditions apply

1. Payment by instalments

Premiums payable by instalment may be subject to minor adjustments (upwards and downwards) due to rounding and Financial institution transaction fees may apply.

2. Available covers

Please note:

  • When purchasing the Business Insurance Pack you can select your choice of covers, although Public Liability is a mandatory cover;
  • Some covers are only available if you have taken out other covers. For example, the Theft Section is only available if you have also selected the Commercial Property Section.