Management Liability Modules — What's Bundled

[
  "General Liability Coverage Section",
  "Employers Liability Coverage Section",
  "Statutory Liability Coverage Section"
]

[
  "Public Liability",
  "Employers Liability",
  "Directors and Officers",
  "Statutory Liability",
  "Prosecution Legal Expenses",
  "Crime",
  "Consequential Loss"
]

Provides cover for liability and associated legal costs arising out of unintentional breaches of most New Zealand statutes affecting commercial businesses.

Covers the insured for loss arising from theft by an employee and criminal acts perpetrated by a third party.

Section A: single Limit of Indemnity for all Loss in respect of any one (1) Valid Claim or all Valid Claims in the aggregate, including Automatic Extensions. Defence Costs Limit of Indemnity is separate. Sub-limits for specific extensions (Employment Disputes NZD 100,000; Fidelity NZD 100,000; Internet Liability NZD 100,000 Loss and NZD 100,000 Defence Costs; Official Investigations NZD 250,000; Exemplary Damages up to NZD 1,000,000 or Limit of Indemnity whichever lesser) are all part of and not in addition to the respective Limits of Indemnity. Section B: Limit of Indemnity per Occurrence and in aggregate for Products; sub-limits under Automatic Coverage Clauses are included in and not in addition to the Schedule Limit of Indemnity.

[
  "Cover for You (Side A D&O)",
  "D&O / Company Reimbursement (Side B)",
  "Entity Cover (Side C)",
  "Employment Practices",
  "Trustee",
  "Taxation Investigation",
  "Crime"
]

Insuring Clause 1.2(d): In respect of any claim first made against the company, and reported to us during the insurance period for an employment practice breach. Sub-limit as specified in the schedule, forming part of and not in addition to the indemnity limit.

Insuring Clause 1.2(f) (Taxation Investigation): Where during the insurance period the company has both received a tax audit notice and reported it to us, we will provide cover to the company for necessary and reasonable tax audit costs incurred by the company up to the completion of the audit or investigation. The total amount payable in respect of all tax audit notices in the insurance period shall not exceed the sub-limit specified in the schedule. This sub-limit forms part of and is not payable in addition to the indemnity limit.

Insuring Clause 1.2(a) (Crime): First discovered during the insurance period which results from a dishonest act of an associated person acting alone or in collusion with others, or of a third party committed with the intention of causing the company to sustain a direct financial loss. The total amount payable for any one direct financial loss and for all direct financial losses in the aggregate during the insurance period inclusive of costs and expenses shall not exceed the sub-limit specified in the schedule. This sub-limit forms part of, and is not payable in addition to, the indemnity limit.

Sub-limits for Crime (1.2a), Entity (1.2c), Employment Practices (1.2d), and Taxation Investigation (1.2f) each form part of, and are not payable in addition to, the indemnity limit. Defence costs are payable in addition to the indemnity limit up to the same amount as the indemnity limit. Automatic Reinstatement applies for insured persons under Insuring Clauses 1.1 and 1.2(b) only, up to twice the indemnity limit.

[
  "1.1 Cover for You (Insured Persons – Side A)",
  "1.2(a) Professional Indemnity",
  "1.2(b) Crime",
  "1.2(c) Association Reimbursement",
  "1.2(d) Association Liability",
  "1.2(e) Employment Practices",
  "1.2(f) Trustee",
  "1.2(g) Taxation Investigation"
]

Insuring Clause 1.2(g): where during the insurance period the association has both received a tax audit notice and reported it to us, we will provide cover to the association for necessary and reasonable tax audit costs incurred by the association up to the completion of the audit or investigation. Sub-limit specified in schedule, forming part of and not in addition to the indemnity limit.

Insuring Clause 1.2(b): covers direct financial loss first discovered during the insurance period which results from a dishonest act of an associated person acting alone or in collusion with others, or of a third party committed with the intention of causing the association to sustain a direct financial loss. Sub-limit specified in schedule, forming part of and not in addition to the indemnity limit.

Sub-limits for Crime (1.2b), Association Liability (1.2d), Employment Practices (1.2e) and Taxation Investigation (1.2g) each form part of, and are not payable in addition to, the indemnity limit. Defence costs are payable in addition to the indemnity limit up to an amount not exceeding the same indemnity limit. Total liability for all claims shall not exceed the indemnity limit subject to Automatic Coverage Clause 2.1 Automatic Reinstatement for Insured Persons (up to twice the indemnity limit for subsequent unrelated insured person claims).