According to the ABS, there were 586,000 Sole Proprietors and 267,400 Partnerships actively trading in Australia in 2017.
Management Liability is a leading uninsured exposure for these businesses given that traditional Management Liability cover is tailored to the needs of Private Company structures.
With over 2,000 referrals on the WebRater in the past two years, DUAL’s new and market leading Management Liability Sole Traders and Partnerships product addresses the specific needs of Sole Trader and Partnership business structures.
The key reasons for Sole Traders and Partnerships to purchase this cover is:
- Cover is provided on the new DUAL Australia Management Liability Sole Traders and Partnerships 05.18 which is tailored specifically to Sole Trader and Partnership structures.
- Available to clients with up to $5,000,000 turnover and 100 staff.
- Partnership businesses generally engage service companies to outsource such things as HR, Payroll and IT services. DUAL’s Sole Traders and Partnerships offering extends cover to these service companies in relation their work for the Insured.
Recently one of our brokers had this to say about Management Liability Sole Traders and Partnerships:
“... I will be offering this to nearly all of my clients who are in this Sole Trader/Partnership space with better understanding now. Good job!"
If you would like further information on Management Liability Sole Traders and Partnerships to obtain terms, please contact your local DUAL Underwriter.