Management Liability

Owning and running a business today is tough; company legislation, tax laws, employment laws, statutory regulations and work place health and safety legislation are just the start. That’s in addition to making sales, managing staff, developing customer relationships, planning marketing strategies and hopefully making a profit!

As a director of a private company and owner of the company itself, you are exposed to a number of risks such as:

  • breaching directors and officers duties;
  • the company breaching a range of laws and regulations;
  • employment practice liabilities (eg. unfair/wrongful dismissal or harassment by other employees);
  • crime within the business (e.g. employee fraud);
  • tax audit investigation expenses;
  • statutory liabilities (e.g. workplace/OH&S legislation) which can involve criminal prosecutions;