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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.

Cover Includes

Statutory Liability;

Employment Practices Liability;

Directors Personal Legal Costs;

Automatic Extensions

Advance payment of legal costs;

Continuity of Cover;

Extended Reporting Period;

Extradition costs;

Regulatory Audit costs;

Preservation of Indemnity;

Retirement of Employees;

Reputation Expenses.

Some benefits of cover:

• Available for most occupations, including transport, construction and mining risks;
• No sub-limits for any sections;
• Automatically includes all Subsidiary Companies of the Named Organisation;
• Broad definition of Employee, including “deemed employees” and voluntary workers;
• Indemnity for investigation and defence occurs at the point of the Notifiable Incident (defined by statute);
• Includes cover for the negotiation of and costs for an Enforceable Undertaking (unless otherwise coverable);
• Includes cover for prosecutions of Employees, Responsible Officers, Executives and the Entity;
• Employment Practices Liability includes actions brought by Labour Hire personnel and applicants for employment;