Management Indemnity

An employee of an education consulting business had a student pay their tuition fee to their personal account instead of the company account.

The business’ insurer agreed to pay the claim under the Crime Protection section of their Management Liability policy. The insured settled the claim for $41,545.

The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy will be determined by the insurer, not BizCover for Brokers.

BizCover for Brokers acts as agent of the insurer and not as the agent of you or your client. Any advice provided is general advice only and does not take into account the personal objectives, financial situation or needs of you or your client. Always read the Product Disclosure Statement or Policy Wording (available on our website).