Management Liability Insurance is designed to cover you and your business against claims which arise from the management of your company. In particular, it provides Directors & Officers Liability Insurance if a director and / or employee are sued personally for being negligent in fulfilling their duties.
This form of cover also extends to cover the business as a result of managements actions in running the company. It extends to protect your business from employee crime such as embezzlement. It is an essential form of coverage for business both small and large.
Any business which operates as a company needs to ensure their directors and officers have liability insurance for acting in their capacity as a director or officer of the company. This will ensure the directors, officers and employees are protected for any claims made against them personally.
Any business which has employees or operates in a regulatory environment would also require management liability insurance.
Management Liability Insurance provides comprehensive coverage against the risks of managing a business. This form of coverage extends to protect all parties involved in managing a company.
This includes the company, the directors and employees involved in running the business. The types of risks which your business is exposed to includes:
Management Liability Insurance does not cover:
To get a quote that provides you with the right cover it's important you speak with a Management Liability expert who can advise you on the type of cover that is right for you.