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Management Liability Insurance protects you, your key employees (directors, officers, senior managers) and your company from claims being made against them.
Typically, Directors’ and Officers’ (D&O) Liability Insurance is the main cover under a management liability policy. There is added protection for your company through Employment Practices Liability (financial protection against employee claims) and Corporate Legal Liability (cover for claims against your whole company instead of individuals).
A management liability claim could be brought against you by your shareholders, customers, suppliers, employees, creditors and regulators.
The way your business operates, its finances, benefits and management activities could expose your staff and your company to many risks. Managing and minimising these risks is both a concern and a priority for you and your key decision makers.
With a rise in employment claims, the ever-present risk of bankruptcy and insolvency, rapid responses needed to events such as a global pandemic and the dangerously high cost of legal action; getting the right cover in place will give you and your company’s key people the confidence to successfully carry out their work.
Management Liability Insurance varies by provider and can be tailored to suit your business needs. Cover can include: