- New Management Liability product is now available on the BizCover for Brokers platform from Zurich.
- Cover available with limits up to $5 million across key sections.
- The newly-added Financial Lines product is designed for SMEs, not-for-profits and unlisted public companies with revenue under $20M.
BizCover for Brokers (B4B), Australia’s leading digital platform for SME brokers, has expanded its product range with the addition of a Management Liability insurance product from Zurich Australian Insurance Limited.
Available from today, the Zurich Management Liability product is designed for private companies, not-for-profit organisations and unlisted public companies with revenue under $20 million and fewer than 200 employees.
“This addition provides brokers with even greater access to relevant, high-quality cover from the world’s leading insurers, delivered through a simple and efficient digital experience,” says Sharon Kenny, Head of Strategic Projects and Partnerships for the BizCover Group.
With Zurich’s Management Liability insurance product, brokers can offer their clients:
- Limits up to $5 million across key liability sections.
- Cover for individuals and the company, including employment practices and statutory liability.
- Protection against crime losses, caused by employees or third parties.
- Built-in Internet Liability cover (sub-limit applies).
- Access to local claims management and one hour of free legal advice (per enquiry).
The product is fully integrated into the B4B platform, enabling brokers to quote, compare, bind and manage policies in one place, helping streamline the end-to-end insurance process.
“Some small business clients may believe that Management Liability is only relevant for larger organisations,” says Kenny. “But the risks that Management Liability can help protect against, such as employment disputes, can happen to businesses of any size and in any industry. This creates an important opportunity for brokers to step in as trusted advisers and help clients better understand their exposure and insurance needs.”
Alex Morgan, Head of General Insurance at Zurich said: “We’re pleased to be expanding our relationship with BizCover to include Zurich’s Management Liability insurance product. As the risk landscape continues to evolve and become more complex, access to insurance is increasingly important for businesses wanting to protect their operations and people from disruption.”