MANAGEMENT LIABILITY INSURANCE
Why do you need management liability insurance?
You’ve worked hard to make your business a success. But in today’s world of regulations and legislation, an individual pursuing legal action could put your livelihood at risk. As a company director, you could be held personally liable.
- Cover your business and individuals
Ensure that both your individual directors and officers, and your company are covered to protect against new and changing laws.
- A policy that changes with your business
We can source policies that automatically respond to changes in your company, such as growth and acquisition.
- Save time
We research the right solution, saving you time and effort to concentrate on what you do best – running your business.
How we can help
We can provide expert guidance to find a solution that best suits your business objectives.
CONTACT YOUR NEAREST MANAGEMENT LIABILITY INSURANCE EXPERT
We have expert advisers all over the UK. To find help near you, input your full postcode below.
Directors’ and Officers’ Liability
This covers you personally for defence costs incurred during a claim and awards made against you. For example, the costs associated with defending trading standards, environmental or other regulatory claims against you; claims by individual shareholders (including other directors); defence costs and awards of claims arising from your personal involvement with the administration of any company pension.
Employment Practice Liability
This covers your company against defence costs and awards of claims arising, for example, from allegations of sexual harassment or wrongful dismissal by employees.
Corporate Legal Liability
This covers your company against defence costs and awards associated with events including maladministration of a company pension or employee benefit claim; breach of data protection; or corporate identity crime. And defence costs of health and safety, taxation or other regulatory claims.
The importance of good risk management shouldn’t be underestimated. Dealing with a professional indemnity claim can be costly and time consuming and most insurers will require you to be actively involved in the process.
The Supreme Court gave a landmark judgment today on how claims against solicitors, and indeed any professional, should be assessed in one of the most important decisions this decade for those involved in professional negligence claims.