Standalone or combined policies
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 & 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 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, which is where Evolution comes in.
Standalone policies have historically involved complicated transaction processes, with long proposal forms and multiple risk management procedures required for each product. DUAL has simplified the process for ease of transaction.
Evolution bridges the gap between the management liability market for SME's and standalone policies.
Evolution requires only one proposal form with a single underwriting process and packaged delivery to ensure a simpler transaction process.
Standalone or combined policies
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 & Officers Liability
$10,000,000
Employment Practices Liability
$5,000,000
(part of, and not in addition to, Directors & Officers Liability)
Tax Audit Costs
$2,000,000
(part of, and not in addition to, Directors & Officers Liability)Risk appetite
Preferred risks
- Publicly listed companies out of the ASX100
- Publicly unlisted companies with turnover in excess of $50m
- Private companies with turnover in excess of $150m
Additional benefits
Some additional benefits include:
- Whistleblower hotline
- Panel counsel
- Loss mitigation cover
Need a hand?
Get in contact
Dedicated underwriting team
To discuss a risk, please reach out to our Financial Lines specialty underwriting team.
Document Downloads
Policy wordings
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Evolution - Crime Protection policy wording 11.22 PDF /
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Evolution - Directors & Officers Liability policy wording 11.22 PDF /
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Evolution - Employment Practices Liability endorsement 11.22 PDF /
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Evolution - General conditions and exclusions 11.22 PDF /
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Evolution - Statutory Liability & Supplementary Legal Costs policy wording 11.22 PDF /
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Evolution - Tax Audit Costs endorsement 11.22 PDF /
Proposal forms and NCDs
Fact sheets
In the event of a claim or loss,
contact the DUAL 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.