"Owners of private businesses are highly encouraged to study the value of getting reliable management liability insurance not only for their directors and officers but also for other potential lawsuit hazards in their company. Management liability insurance has developed rapidly over the last decade and is now considered an integral part of a small business insurance program. Extensions are available to cover Employment Practices Liability, a range of Statutory Liability exposures some times including fines and penalties."
http://insuring.theproduct.com.au/news-updates/info-articles/facts-management-liability-insurance-buderim-insurance/
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