POLICY SNAPSHOT
  • Modular; available as Stand Alone
  • All company types, including public & partnerships
  • Full cover for all Employees
  • Can include voluntary workers
  • Limits available: $1m, $2m, $5m
  • Auto Reinstatement available
  • Broadform cover
  • Monetary penalties and Enforceable Undertakings
  • Full Inquiry costs cover to policy limit
  • Employment practices
  • Reputational cover
  • Broad range of occupations
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CONTACT
Ben Johnston-Bradford
p 07 3624 9406
m 0404 519 692
e benj@sua.com.au
   
John Iles
p
07 3624 9408
m
0413 449 951
e johni@sua.com.au
   
 


Berkley Insurance Australia

CORPORATE PRACTICES PROTECTION

A policy designed for Listed entities, Government owned corporations, Partnerships and Sole traders, that provides the protection of a comprehensive Inquiry and Prosecutions (Statutory Liability) cover, and broad Employment Practices Liability plus the peace of mind of a Reputational Expenses extension as an optional extension.

BROADFORM STATUTORY LIABILITY

What is covered:

  • Fines
  • Costs and expenses to defend the imposition of a fine
  • Enforceable Undertakings
  • All acts administered by Commonwealth, State and Local Government
  • Includes legislation relating to Workplace Health & Safety and Environmental Protection.

What isn’t covered:

  • Intentional, deliberate, dishonest, fraudulent or malicious acts, including acts of Gross negligence or recklessness
  • Fines attributable to the requirement to pay taxes (ie GST related issues)
  • Fines arising from Industrial Disputes and/or breaches of Consumer Protection Acts.
  • However, under some circumstances cover is provided for Officers and/or employees

INQUIRY COSTS INDEMNITY

What is covered:

Legal expenses arising from:

  • The requirement to attend a Royal Commission or Coronial Inquiry
  • Any other investigation, examination, inquiry or other proceeding
  • Any other writ or summons that is not coverable under any other policy of general insurance.

What isn’t covered:

  • Intentional, deliberate, dishonest, fraudulent or malicious acts, including acts of Gross negligence or recklessness
  • Any damages, including fines, penalties and punitive costs
  • Legal expenses arising from Industrial Disputes and/or breaches of Consumer
  • Protection Acts. However, under some circumstances cover is provided for Officers and/or employees.

EMPLOYMENT PRACTICES LIABILITY

What is covered:

  • Wrongful termination, failure to promote, refusal to employ and/or demotion
  • Harassment, including invasion of privacy
  • Unlawful workplace harassment, unlawful discrimination or unlawful workplace bullying
  • Defamation of character; Libel and/or slander
  • Damages, which includes humiliation, mental anguish claims the third party suffers
  • Legal costs in defending an allegation

What isn’t covered:

  • Any express obligation, or breach thereof to make payments ie. of statute, award, contract of employment etc
  • Any dishonest, criminal, fraudulent or wilful act, failure to comply with any law, government or administrative order or regulation, or order or award of any court or tribunal
  • Claims arising from Laws relating to:
    • Redundancy payout procedures;
    • Unconscionable contracts.

OPTIONAL EXTENSION

REPUTATION PROTECTION EXPENSES

What is covered:

  • Fees incurred for professional communications consultant to limit damage to reputation following an insured incident