Management Liability Insurance for Class Associations
Designed for Sailing Class Associations
Management Liability protects the individuals and the Class Association in relation to the exposures associated with managing a sailing class association.
In addition to the covers below, cover for insolvency can be made available following your agreement to fully disclose the Association’s financials.
The key elements to the cover are as follows;
Management Liability
- Individual’s defence costs, damages and settlements.
- Public relations expenses.
- Investigation cover (including OHS and pollution).
Corporate Liability
- OHS defence and investigation
- Breach of contract
- Identity Fraud
- Crisis Costs
Employment Practices
- Employment practices liability for individuals
- Third Party harassment/discrimination
Crime Protection
- Acts occurring prior to and during the policy period which are discovered during the policy period.
- Extends to employees, third parties and shareholders.
- Destruction and damage of money or securities.
- Legal fees and reconstitution costs.
Statutory Liability
- Fines and pecuniary penalties against individuals and the company.
Tax Audit
- Tax Audit Expenses