5 articles tagged with this product.
Responding to a regulatory investigation can involve legal costs before any breach has been established. For property agents, the anti-money laundering and counter-terrorism financing (AML/CTF) changes are a reason to understand where management liability insurance may assist, what needs to be notified and which costs could remain with the business.
A plain-English guide to management liability insurance in Australia: the sections commonly found in a policy, the exposures directors and managers carry, and how it differs from public liability and professional indemnity.
Management liability policies can differ widely between insurers. Why limits, sublimits, exclusions and the definition of who is insured are worth checking as a business changes.
Freely available artificial intelligence tools are helping drive record unfair dismissal lodgements at the Fair Work Commission, and employers are being reminded to follow correct processes and review their insurance arrangements.
Selling a business does not necessarily end an Agent’s exposure to claims from earlier work. A look at how Professional Indemnity and Management Liability may need to be reviewed when ownership changes, and why run-off cover and the so-called seven-year tail matter to both sides of the transaction.
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