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
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DUAL's Appetite

 
Preferred Risks:
  • 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

 
DUAL's Appetite

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

 
DUAL's Appetite

Preferred Risks:

  • Accommodation / travel / tourism / leisure
  • Agricultural / primary industry
  • Architects and engineers
  • Manufacturers
  • Mining companies (other than underground)
  • White collar industries
  • Wholesaling
Selective Risks:
  • 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

Financial Lines Specialty team

Download our financial lines specialty underwriting team contact sheet here.

WebRater team

Get in contact with the WebRater team here.

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.

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