Commercial Insurance
Protection for directors, officers and managers
The decisions you make running a company carry their own risks. Management liability covers the company and its senior people against claims arising from those decisions.
In 2024–25 the Fair Work Commission received 16,500 unfair dismissal applications — 37% of all lodgments — and ran over 13,800 unfair dismissal and general protections (dismissal) conciliations.
What management liability risks are there?
Running a business means living with risk. Management liability is designed around four kinds:
- Strategic risk — decisions that turn out badly, from a merger to a product launch.
- Compliance risk — alleged breaches of regulation, from environment to employment law.
- Operational risk — failures in process, systems or people that cause loss.
- Reputational risk — damage to the standing of the company and its leaders.
Types of liability
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PI vs management liability
Clients frequently ask whether management liability is the same as professional indemnity. They're distinct products. Professional indemnity deals with financial loss a third party suffers from your professional advice. Management liability deals with third-party financial loss caused by mismanagement.
Unfair dismissal by the numbers
In 2024–25 the Fair Work Commission received 16,500 unfair dismissal applications — 37% of all lodgments — and ran over 13,800 unfair dismissal and general protections (dismissal) conciliations.
A closer look: unfair dismissal
Unfair dismissal is one of the most common claims brought against employers. Even a fair, transparent termination process can attract a claim — against your company, its directors, and you personally.
From our clients
“Our dealings with KeyInsure have always been very friendly and helpful, also very quick response and professional advice. Pretty sure they save us money on our insurances also. Thank you.”
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General advice only. Consider the relevant PDS & TMD before acquiring any product.