Your bookkeeper secretly changes supplier bank details and transfers money to an unrelated account. You discover the shortfall during month end reconciliation. You need funds to stabilise cash flow while you report the incident and investigate.

May reimburse direct financial loss from employee theft or transfers, if discovered and reported as required, within limits.

A minority shareholder says the director made misleading statements about the company’s finances before a capital raise. They claim their investment loss was caused by poor governance and seek damages. The director needs a defence, fast.

May cover defence costs and covered loss from claims about a director or officer’s breach of duty or misstatement, subject to terms.

A contractor is injured on site and WorkSafe asks for interviews, documents and a formal response. The director is personally questioned about safety due diligence. You engage a lawyer early to manage the investigation and keep the business trading.

May cover certain investigation legal costs and may cover some insurable fines or penalties, where permitted, subject to terms.

You let a team member go after repeated performance issues. They lodge an unfair dismissal and bullying claim at the Fair Work Commission and name a manager in the paperwork. You need advice, lawyers and time away from the day job.

May cover defence costs and some settlement or compensation for employment-related claims, subject to policy terms and limits.

Your business runs out of cash and enters voluntary administration. Creditors allege the director traded while insolvent and demand repayment. You claim under management liability for the debts and loss linked to the collapse.

Many wordings exclude claims connected with insolvency or inability to pay debts, including losses that flow from the collapse.

A customer slips in your shop, breaks a wrist and sues the company and a director for poor safety oversight. You lodge it under management liability cover because the claim names management, but the loss is mainly the injury.

Usually excluded because it’s bodily injury or property damage. These losses are handled by public liability or workers compensation.

Before you buy the policy, you receive a letter alleging wage underpayment and hinting at Fair Work action. You do not notify the insurer. Months later the employee files a claim and you try to lodge it under the new policy.

Claims linked to facts you knew about before cover started, or that were already notified or in dispute, are typically excluded.

A director approves invoices to a related business they secretly own and takes the money. When the issue is found, a shareholder sues and the regulator investigates. The director asks the policy to pay legal costs and any penalty.

Policies usually exclude intentional dishonesty, fraud or personal profit once it’s proven by a final decision or admission.