Partnership Protection Management Liability
Insurance solutions designed specifically for unincorporated entities
Partnership Protection Management Liability (PPML)
Our offering
Insurance solutions designed specifically for unincorporated entities, which adopt a “corporation style” management structure (including the firm’s service or administrative companies or trusts).
This structure may expose the firm, its individual partners or any other ‘non-partner’ individuals charged with running the firm to claims arising from the management of the firm.
Partnership Protection Management Liability (PPML)
What is PPML?
Our PPML Product includes cover for following:
- Directors & Officers Liability
- Fiduciary
- Company Reimbursement
- Employment Entity Liability (EPL)
- Entity Discovery Costs
- Additional coverages, including:
- Public Relations Costs
- Travel Costs
- Fines & Penalties
- Pollutants Costs
- Statutory Liability
Cover is provided for:
- Partners acting in the capacity of director or executive officer of the firm or any service or administration company or trust related to the firm
- Partners in relation to Employment Practices Liability
- Costs of legal representation at an official investigation or inquiry
- The firm retains the right and duty to defend and contest any claim
- A major shareholder exclusion only applies to claims arising from any Outside Directorships. No insured versus insured exclusion or consensual claim exclusion applicable.
Partnership Protection Management Liability (PPML)
Appetite / Capacity
LAUW’s appetite is the same as for Management Liability, but the key driver of this PPML policy is the organisation structure.
Capacity:
- AUD$10,000,000
Resources
Downloads
Directors & Office Liability
Contact our team
Neil Barnett
Portfolio Manager - D&O and ML
