Why should you choose Marsh to arrange your insurance solutions?
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Protect your business against claims of misleading advice, breach of duty and negligence with professional indemnity cover.
Looking for specialist expertise? Our brokers will tailor business cover for you – no matter your industry.
You can count on Marsh to arrange insurance solutions to help protect you and your firm with comprehensive cover.
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In marketing, strategy is key. Consider a strategic approach to your insurance – let the industry experts arrange yours.
No. Management liability covers the management of a business. Whereas public liability helps protect a business from the costs incurred from third-party injury and property damage claims.
Even if you’re not at fault, the legal costs to defend yourself or your business can be significant – and even put your personal assets at stake if you’re not insured.
Management liability covers the management of a business. Professional indemnity, on the other hand, covers the services and advice offered by a business and its employees.
Management liability insurance provides cover for private companies, while association liability is designed for not-for-profit and charitable associations.
An association liability policy may also include professional indemnity, but a management liability policy does not.
Management liability comes with a ‘condensed’ version of the directors and officers liability (D&O) policy that is designed for SMEs. A management liability policy also includes other covers, including corporate legal liability and employment practices liability, making it simpler and more cost-effective to protect your business from various risks.
The stand-alone D&O is designed for larger organisations and has much broader cover. But it does not come with any other insurance covers – only D&O.
The cost of your management liability insurance will depend on several factors, including your business size, revenue and risk exposures.
When requesting a quote, be sure to fill in the form values as accurately as possible. This helps us arrange the right premium and cover for your business. Along with the completed proposal form, a copy of your latest audited/reviewed financial report may be required.
For a clearer picture, you can also request a call back to speak to a Marsh advisor.
Inclusions and coverage limits may vary between different insurers and policies.
Typical exclusions may include:
Fraud or dishonesty
Pending or prior claims and litigation
Intentional and deliberate acts
Bodily injury and property damage
Asbestos-related liabilities.
To find out more about the exclusions, deductibles, excesses and limits that may apply to your specific policy, please speak to your Marsh advisor.
Even when your business has ceased trading or is being acquired, it continues to be liable for up to six years (in line with the statute of limitations).
A run-off period refers to a policy provision that protects the insured for a certain period of time, even after they’ve closed the business.
LCPA 23/150
Marsh Ltd (NZBN 9429040918792)(“Marsh”) arranges insurance and is not an insurer. This webpage contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire the product, refer to the specific policy wordings and/or product disclosure statements available from Marsh on request.
