Management Liability Insurance NZ

What is Management Liability Insurance?

Management liability insurance provides comprehensive protection for businesses and their managers against a wide range of liability claims. It combines several important covers into one policy, including Directors & Officers liability, Employment Practices liability, and often Statutory liability.

This insurance is designed to protect both the company and individual managers from the growing array of risks faced by modern businesses in New Zealand. It covers legal defence costs, settlements, and damages arising from management decisions and corporate actions.

What Does It Cover?

• Directors & Officers liability
• Employment practices liability
• Statutory liability
• Corporate defence costs
• Regulatory investigation costs
• Wrongful dismissal claims
• Fines and penalties (where insurable)
• Crisis management costs

Who Needs Management Liability?

Management liability insurance is recommended for:

• • Companies with directors and officers
• • Businesses with employees
• • Charities and not-for-profit organisations
• • Family-owned businesses
• • Professional services firms
• • Any business wanting comprehensive management protection

Typical Costs

Management liability insurance costs vary based on company size, industry, and risk profile. Typical costs start from:

• • Small business: From $2,000/year
• • Medium business: From $4,000/year
• • Large business: From $8,000/year
• • With added covers: From $3,500/year