DUAL Evolution Insurance
DUAL Evolution is a packaged suite of products specifically designed to address the complex needs of medium to large businesses. It combines the tailored coverage of Directors & Officers Liability, Employment Practices Liability, Tax Audit, Statutory Liability & Supplementary Legal Expenses, and Crime Protection policies, with the simple transaction of Management Liability.
Management Liability Insurance, designed for SME's, provides an adequate risk transfer solution for businesses with turnover less than $50million, however it doesn't adequately address the exposures of medium to large companies.
Stand alone policies have historically involved complicated transaction processes, with 15 page proposal forms and multiple risk management procedures required for each product.
DUAL Evolution bridges the gap between the Management Liability market for SME's, and stand alone policies. DUAL Evolution requires only one proposal form, with a single underwriting process and packaged delivery to ensure a simpler transaction process.
Features of Cover:
- Directors & Officers Liability
- Employment Practices Liability
- Tax Audit Costs
- Statutory Liability & Supplementary Legal Expenses
- Crime Protection
DUAL has negotiated a dedicated Whistleblower Hotline to assist our Insureds in preventing, and blowing the lid on, corrupt and criminal behaviours. This valuable service is provided by PKF Forensic and Risk Services. For more information on PKF Forensic and Risk Services, click here.
- Directors & Officers Liability: AUD$30,000,000
- Employment Practices Liability: AUD$30,000,000 (part of, and not in addition to, Directors & Officers Liability)
- Tax Audit Costs: AUD$30,000,000 (part of, and not in addition to, Directors & Officers Liability)
- Statutory Liability & Supplementary Legal Expenses: AUD$10,000,000
- Crime Protection: AUD$20,000,000
- Publicly listed companies outside of the ASX100
- Private companies with turnover in excess of $50million
- Directors & Officers Liability Policy Wording
- Statutory Liability & Supplementary Legal Costs Policy Wording
- Crime Protection Policy Wording
- Employment Practices Liability Endorsement
- Tax Audit Costs Endorsement
- General Conditions & Exclusions