What is Management Liability Insurance?
Management Liability insurance can provide protection against the financial exposures that come with managing a company. It can cover your business against claims arising from mistakes or deliberate actions from directors, officers or employees. It covers both past and present employees. Management liability insurance 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 is important for all size businesses, as it helps to protect against unforeseen and potentially large liability claims.
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.
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