Facing financial challenges. Together.
In today’s uncertain economic climate, company directors face increasing pressure to keep their businesses afloat. Continuing to trade while insolvent carries severe consequences. Not only can directors be held personally liable for the company’s debts, but they may also face criminal charges if found to have breached their duties. At Liberty, we understand the complexities directors must navigate when financial difficulties arise. Having the right support, coverage, and expert guidance is essential to steering a company through troubled waters. That’s why Liberty is proud to introduce our innovative Company Insolvency Safe Harbour Coverage Extension. We have partnered with Australia’s leading advisory and restructuring firms to provide policyholders with expert guidance, tailored to them. And we will cover the reasonable costs associated with engaging an approved ‘Safe Harbour Advisor’ to obtain guidance under section 588GA of the Corporations Act. For directors looking to navigate insolvency risks with confidence, Liberty’s new coverage is more than just insurance – it’s a strategic advantage in safeguarding the future of their businesses.
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Liberty Specialty Markets is a trading name of Liberty Mutual Insurance Company, Australia Branch (ABN 61 086 083 605; AFSL No. 530842 (for claims handling and settling services only)) incorporated in Massachusetts, USA (the liability of members is limited).
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