Directors Group Accident
Share the love with your directors.
Management Liability Insurance
Peace of mind for your managers.

What is Directors Insurance?

A Directors Group Accident policy assists your Dental Practice to cover the compensation owing to a Director of your practice, should they injure themselves whilst performing duties for your organisation. And also provides payment to your practice to fund the short term replacement of a key person who has been injured. This policy can cover:

Directors

 

EO

Executive Office of the insured practice.

Others

Optional, other declared persons eg. CFO or other Officers/Managers etc.

Directors Insurance

While workers compensation will pay a percentage of an employee’s wage should they injure themselves at work, the same is not necessarily true for Directors.

What is a Director?

A Director is likely to be engaged by your practice for a yearly fee to carry out their activities for, and on behalf of your organisation. Director’s may also be a business owner themselves or hold several high end positions and directorships within other organisations.

Why do I need this policy?

If they were to injure themselves whilst performing their duties for your organisation, a Worker Compensation payment is unlikely to cover their out of pocket expenses and lost income should they not be able to continue working not only for your practice, but in their other businesses and roles as well.

What about other key staff?

What would happen to your practice if an executive officer were to injure themselves? A Directors Group Accident Policy can fund a part time or short term replacement for your organisation to help cope with the loss of a key person. This cover reduces financial and resource drain if an executive officer was rendered unable to perform their duties.

NOTE: Sickness cover is also available upon request.

Facts

0
Number of workers compensation claims in Australian from 2010-11
0 %
Of serious claims required more than 12 weeks off of work.
0 %
Of claims involved an injury to the back.
Policy Overview

Policy Overview

This policy covers:

  • Directors: whilst engaged in official business and / or related travel (including directly to and from such activities) on behalf of, and authorised by the insured. Cover is listed below.
  • Executive Officer (EO): (and other declared persons) are covered 24 hours / 7 days a week for the items listed below.

    Single compensation for:

  • Death
  • Total and permanent disablement
  • Disfigurement
  • Loss of limbs / digits / sight

    Weekly benefits payment to the Organisation for:

  • Temporary total disablement
  • Temporary partial disablement
  • Returning to work in a reduced capacity (reduced benefit)
  • 104 weeks maximum duration

    Worldwide geographical limits and age limits: 18 - 70 years

    Excess 7 days

    • The information provided here is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Please refer to the Product Disclosure Statement for specific information regarding the insurance cover.

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