Evolution
DUAL Evolution is a packaged suite of products specifically designed to address the complex needs of medium to large businesses.
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 and Officers Liability, Employment Practices Liability, Tax Audit, Statutory Liability and Supplementary Legal Expenses and Crime Protection policies, with the simple transaction of Management Liability.
Management Liability Insurance is designed for SME's and provides an adequate risk transfer solution for smaller and less complex businesses. However, it doesn't adequately address the exposures of medium to large companies who have a more complex risk profile.
Stand alone policies have historically involved complicated transaction processes, with fifteen 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.
Capacity:
- Directors and Officers Liability: $10,000,000
- Employment Practices Liability: $5,000,000 (part of, and not in addition to, Directors and Officers Liability)
- Tax Audit Costs: $2,000,000 (part of, and not in addition to, Directors and Officers Liability)
- Statutory Liability and Supplementary Legal Expenses: $5,000,000
- Crime Protection: $10,000,000

DUAL's Appetite
- Publicly listed companies outside of the ASX100
- Publicly unlisted companies with turnover in excess of $50million
- Private companies with turnover in excess of $150million
Click on each product below for more information:
Directors & Officers Insurance
Capacity: $10,000,000
Preferred Risks:
- Australian domiciled publicly listed companies outside of the ASX 20 (primary)
- Australian domiciled private companies (primary)
- Excess positions on any publicly listed or private company
Selective Risks:
- 'No-Liability' mining companies
- Companies with a market capitalisation over $2B
Statutory Liability and Supplementary Legal Costs Insurance
Capacity up to: $5,000,000
Preferred Risks:
- Accommodation / travel / tourism / leisure
- Agricultural / primary industry
- Architects and engineers
- Manufacturers
- Mining companies (other than underground)
- White collar industries
- Wholesaling
- Wholesaling
- Construction
- Forestry
- Offshore oil and gas producers
- Property development
- Risks with exposures outside of Australia and New Zealand
- Transport and logistic companies
- Underground miners
Crime Protection Insurance
Capacity: $10,000,000
DUAL's Appetite
Preferred Risks:
- Private companies
Selective Risks:
- Financial institutions
Additional Benefits
Some of the Additional Benefits include:
- Whistleblower hotline
- Panel counsel
- Loss mitigation cover
Get in Contact
Claims team
DUAL Australia has an in-house Financial Lines claim team who are dedicated to handling your financial lines claims.
Our team comprises legally qualified claims handlers with significant legal and industry experience who will work with you to handle your claim from notification through to resolution. For more information click here.
Document Downloads
Policy Wordings
- DUAL Evolution - Crime Protection Policy Wording 11.22
- DUAL Evolution - Directors and Officers Liability Policy Wording 11.22
- DUAL Evolution - Employment Practices Liability Endorsement 11.22
- DUAL Evolution - General Conditions and Exclusions 11.22
- DUAL Evolution - Statutory Liability and Supplementary Legal Costs Policy Wording 11.22
- DUAL Evolution - Tax Audit Costs Endorsement 11.22