Arch Insurance Australia (Arch) has launched a management liability coverage solution, called ML+, available via CoverHub, the insurer’s online quote and bind platform.
ML+ offers insurance options for private and unlisted public companies, sole traders, partnerships, and not-for-profit organisations. Its coverage includes D&O liability, company liability, employment practices liability, statutory liability, and crime protection.
In addition, ML+ provides flexible coverage that can be tailored to the needs of SMEs and medium-to-large firms, with aggregate limits ranging from AU$1 million to AU$10 million.
The management liability coverage solution is available at CoverHub for SMEs domiciled in Australia and New Zealand with an annual turnover below AU$25 million. Companies with turnovers higher than AU$25 million can be quoted via referral to an Arch underwriter.
Paula Ritchie, underwriting manager – executive assurance at Arch, said: ““Private and unlisted public companies face the same corporate and statutory risks as larger public companies yet can struggle to meet the costs associated with investigations and legal actions.
“ML+ provides essential protection against such costs that can be easily tailored to the insured’s specific needs. Delivered via our CoverHub platform and supported by our experienced team, it provides brokers instant access to comprehensive management liability cover for their clients.”
