Management Liability Insurance
It's important to be aware Officers of an organisation can be held personally liable for breaches made. This insurance is included in the National Risk Protection Program to reduce the risk of losing your business, your personal assets, and ultimately, your livelihood.
Marsh Advantage Insurance arranges management liability insurance to cover against legal actions such as:
• Breaches in employment practices
• Unfair or wrongful dismissal
• Harassment or discrimination
• Fraud or theft by an employee
• Tax Audit
Claims Made during the Period of Insurance
This policy provides cover on a “claims made” basis only. This means that claims first made against you and reported to the insurer during the period of insurance are covered irrespective of when the act causing the claim occurred. Please note the effect of Section 40(3) of the Insurance Contracts Act 1984. If you become aware of facts that may give rise to a claim, and you give written notice to the insurer of those facts as soon as possible (and before the policy period expires), then the insurer may not deny liability for that claim, when made, solely because it was made after the expiry of the policy period. For this reason, you must advise the insurer in writing of all incidents that may give rise to a claim against you without delay after such incidents come to your attention and prior to the policy’s expiry date.
Who insures this policy?
Sportscover Australia Pty Ltd under an authority from Lloyds.
31st March 2021 to 31st December 2021
(Please note the current policy period is 9 months as the previous policy period was extended due to Covid-19)
This insurance cover only relates to the period noted above. If this insurance cover is cancelled or changed the information on this website will be updated accordingly. In the absence of such notification do not assume that the policy has or will be renewed unless Gymnastics Australia has advised accordingly. For a complete list of policy conditions and exclusions, contact Marsh Advantage Insurance on 1300 306 383 or download a copy of the policy wording.
Which entities are covered under this policy?
Gymnastics Australia and all state and territory associations, all registered and affiliated clubs
Where are you covered?
Worldwide excluding USA
$10,000,000 any one claim and in the aggregate
Each and Every Claim - $10,000
Management Liability – Policy Conditions
Conditions to apply to this policy:
- It is a condition precedent to indemnity any disciplinary action for staff to be referred to specialist law firm prior to it taking place
- It is a condition precedent to indemnity that there be two signatories on every payment
Please refer to the policy wording for a complete list of policy conditions and exclusions or by calling Marsh Advantage Insurance on 1300 130 373.