Do I Need Management Liability Insurance?

As a small business owner, you know all too well that the fate of your business is in your own hands. But did you also know that as a company director or senior manager involved in the management of a company, you also carry specific responsibilities that have the potential to also leave you personally liable if things in your business don’t go as planned.

Running a small or medium-sized business in Australia comes with exciting opportunities as well as certain risks. From customers slipping on your premises to accidental errors in professional advice, unexpected events can happen at any time.

Chartered accountants are highly qualified financial professionals with in-depth technical and specialised knowledge of business finance and accounting. They can be found plying their trade in almost all sectors, from financial services and banking to healthcare, small business, the industrial sector, and in many more industries Australia wide.

Commercial insurance helps protect your business from financial loss caused by events such as property damage, legal claims, or business interruption. It helps safeguard your assets, operations, and staff so your business can recover and keep running after a setback.

Stay cyber savvy by understanding the impact cybercrimes have on Australian small businesses and how to help keep your business cyber-safe.

Healthcare providers manage sensitive information every day. Patient records, diagnostic details, payment information and clinical notes hold significant value, which makes this sector a frequent target for cyber attacks. According to the Australian Signals Directorate’s latest Annual Cyber Threat Report 2024 to 2025, more than 84,700 cyber crime reports were lodged, equal to one incident every six minutes. Healthcare remains one of the most targeted sectors due to the volume and sensitivity of the information it holds.

Getting a quote can be done online and only takes a few minutes.

No matter what others tell you, starting out as a small business owner may not be cheap or simple. There can be many hidden business costs associated with starting and running a small business, and these rising costs have a tendency to easily sneak up on new business owners. If you’re not careful, they can make a meal of your bottom-line.