Coverage Limits

Directors & Officers

$1,000,000

Employment Practices

$250,000

Commercial Crime

Not insured

Statutory Liability

$250,000

Policy Wording

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Policy Schedule

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Coverage Provided within a Management and Professional Liability

Directors and Officers Liability – coverage for any wrongful act including a criminal charge, defamation, civil proceeding or fraudulent act.

Employment Practices Liability – includes wrongful dismissal, discrimination or unlawful acts in the workplace. Employee Theft Coverage

Examples of Management and Professional Liability Claims

Directors and Officers Liability – legal action is taken against the club for defamation of a club member. This came about as a result of information printed in the monthly club newsletter.

Employment Practices Liability – legal action is taken against the club for the unfair dismissal of a senior coach.

Employee Theft Coverage – the club treasurer has been stealing money from the accounts over a period of time and the club now needs to claim losses.

Important Note

The Directors and Officers and Employment Practices Liability sections of this policy are written on a ‘Claims Made Basis’. This means that coverage is provided for claims that are notified to the insurer during the period of cover.