Management Liability Insurance

Management Liability Insurance: Protecting Directors, Officers, and Companies

A Management Liability Insurance policy addresses the serious risk exposures faced by private companies and their management teams.

Owners, directors, and senior managers can be held personally liable for unintended errors resulting from their daily actions or even the actions of employees.

Claims against directors and officers can arise from shareholders, customers, employees, competitors, regulators, and creditors, all of whom have a legal right to take action if they believe directors and officers have failed in their responsibilities.

As a company director, officer, or senior manager, it is essential to protect both the financial wellbeing of the company and your personal assets.

Tailored Cover Options for Management Liability Insurance

You can tailor your Management Liability policy to include the following cover options:

Directors & Officers Liability

Protects directors and officers from financial loss due to claims of actual or alleged wrongful acts committed in their role. If the company indemnifies the director or officer, it may be covered under the Company Reimbursement section of the policy.

Corporate Liability

Protects the company itself against claims of alleged or actual wrongful acts, rather than claims specifically against directors or officers.

Employment Practices Liability

Provides cover for claims made by employees regarding their employment conditions or breaches of employment laws. This can include allegations of unfair dismissal or discrimination.

Crime Cover

Protects against direct financial loss due to theft or attempted theft from business premises.

Statutory Liability

Covers the company, senior management, and employees for allegations of wrongful breaches of key legislation during business operations. The policy may cover fines, penalties, and related legal expenses in specified circumstances.