Directors & Officers Liability FAQ

If you run an Organisation, or sit on a Board of Directors or a committee, you have a duty of care owed to many different stakeholders. As a result you can be personally liable for the decisions you make on behalf of that Company or Organisation you represent. 

Being personally liable as a Director or an Officer of a company means that you would personally have to pay compensation, legal costs or even a Fine or Penalty.

This means selling your home or any other assets you own, losing all your savings, may be even becoming bankrupt as a result. This means being unable to run your own business or be a Director of any company for many years,

Having said that, did you know that only 17%* of Australian entities have some form of Directors & Officers Liability cover?

Yet globally many Directors are very concerned about their personal liability exposurers. Read more here

CPR Insurance Services can save you from being uninsured for these exposures. Call us or read more about this area on this page.

CPR Insurance - Experts who will save you!

*Figure provided by Australian Institute of Company Directors

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Latest News

CPR joins Ausure

We would like to announce to all our Clients, Prospective Clients, Suppliers and Insurers, that Cooper Professional Risks Pty Ltd trading as CPR Insurance Services, will be leaving National Adviser Services Pty Ltd (NAS) and joining Ausure Pty Ltd as a Corporate Authorised Representative from 5 March 2018.

Fundamentally, there is no difference to you, except our Invoices will look a little different, and the Banking details will be in a different name and account number. Everything else at CPR stays the same.

There are a number of reasons we have made this decision, but the primary reason is for what we believe is best for our clients.

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Special offer to CPR Insurance clients

Employsure are providing a FREE Business Health Check to all our clients and gives you the opportunity to receive an analysis of the health and safety requirements in your workplace. Also. Employsure  will review your employment agreements as well as your wage rates helping you to avoid workplace claims.

Ordinarily this would cost you at least $1,250 but because you are a CPR Insurance client, it is free!

It involves the following review for you.

SAFECHECK

A specialist Work Health and Safety Consultant will visit your workplace and carry out:

A review of your business’ current work health and safety policies, procedures and systems to identify areas of concern or non-compliance

Following the review, you will receive a report summarising the findings and the health and safety

Status of your workplace

WAGE CHECK

A Wages Adviser will review your rates of pay and produce a Wage Check report.

The review will be conducted against the industrial instrument applicable

A report will be supplied advising if the wages are compliant and what steps to take to achieve compliance

CONTRACT REVIEW

A Document Consultant will review an employment agreement and provide recommendations.

The review will highlight compliance issues with the Fair Work Act 2009 as well as best practice

The report will make recommendations to achieve compliance and provide protection to your business.

This will remove any areas of potential dispute and risk

So what do you have to lose? Contact us on 07 3123 1137 and arrange 

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