Management Liability Policy

  • What?

    We have removed cover for loss or damage to money, negotiable instruments, safes and vaults.

    Why?

    FMG’s Management Liability policy is primarily designed to cover your legal liability and costs in respect of a claim arising from you performing duties in your capacity as Director or Officer of the Company. To better align with this intent, limited cover for damage to certain physical property is being removed.

    When?

    This change affects all policies renewing on or after 1 July 2026.

    Page and Clause What has changed? Why has it changed?

    Page 12,- Clause 4.3.1 – What the Company is insured for.

    Page 20, Clause 7.16 – There is no cover for property loss or fire.

    We’ve removed cover for physical loss or damage to, or disappearance of, the Company’s money negotiable instruments, safes, or vaults.

    To better align with the product intent – which is to cover legal liability and costs rather than damage to physical property.