Management Liability Insurance is a vital component in any private company’s insurance portfolio. It’s a known fact that many private Australian companies continue to operate unaware of serious gaps in their cover for management-related risks. All too often protection in this area is ignored, leaving not only the directors and officers exposed, but also the company itself. Management Liability Insurance is specifically tailored to protect private companies and their directors. It’s more comprehensive than traditional directors and officers insurance as it protects both the financial wellbeing of the company and the personal wealth of its directors and officers.