Management Liability insurance can provide protection against the financial exposures that come with managing a company. It ensures that you can defend, settle or pay compensation claims without putting your business or personal finances at risk. Claims such as employment practices liability, statutory liability (e.g. occupational health and safety, EPA prosecutions).
Who needs it?
Management Liability insurance is important for all size businesses, as it helps to protect against unforeseen and potentially large liability claims.
What does it cover?
Management Liability insurance can cover a business against claims arising from mistakes or deliberate actions – such as fraud, from the company or its directors, officers or employees. This can cover both current and historical actions.
It can also cover the cost of investigating, defending and settling claims by a third party. In addition Management Liability could cover compensation that a business may be liable for as a result of these investigations.
What is excluded?
As with any policy there are exclusions. There is also often a deductible or excess and limits on cover so check with us to further investigate these on your behalf.