Management Liability Insurance protects you and your business against the risks and exposures of running the company. It has often been referred to as a cover for ‘mismanagement.
Your personal assets and those of your business can be lost following legal action against you as a director or business owner.
Protection of you personally means your wealth and lifestyle are protected.
Legal costs to defend an action can be crippling in themselves on top of any award made by the courts against you.
Management Liability insurance does not replace your Professional Indemnity insurance if you have this as the two are very different in their structure and covers.
Sections covered include: Director’s & Officer’s Liability, Employment Practices Liability, Statutory Liabilities, Crime cover, Corporate Entity Liabilities, Legal Representation Costs, Tax investigation.