MANAGEMENT LIABILITY INSURANCE
Protect yourself and your business from claims of mismanagement
Management liability insurance provides protection against the financial exposures that come with managing a company. Helping you defend, settle or pay compensation claims.
Who should consider it?
Management liability insurance is important for all businesses, big and small to help protect against unpredictable and potentially large liability claims. You should consider taking out Management Liability Insurance if you sit on the board of a proprietary/private company or any business. The likelihood of something happening is unpredictable and the associated legal fees that can arise when an incident occurs can be financially crippling. That is why it is important to make sure you are adequately covered.
What can it cover?
Management liability insurance can cover the business against claims arising from mistakes or deliberate actions – including fraud – from the company or its directors, officers or employees – both past and present.
It can cover the cost of investigating, defending and settling claims by a third party, as well as paying compensation the business is liable for.
Claims against you or your business could include:
Bullying
Breach of Duty
Defamation
Discrimination
Fraud
Harassment
Occupational Health and Safety
Theft by employees or contractors
Unfair dismissal