Management Liability Insurance: Protecting Those Who Lead
Running a business comes with responsibility and risk. Management Liability Insurance is designed to protect company directors, officers, managers, and the business itself from a wide range of legal and financial exposures that can arise from managing day-to-day operations.
Unlike Professional Indemnity Insurance, which focuses on errors in professional services, Management Liability Insurance protects the decisions, actions, and obligations involved in operating a business.
This cover helps reduce the financial impact of claims made against management for alleged wrongdoing, whether those allegations are valid or not.
Key Risks Management Liability Insurance Can Address
Management-related claims may arise from issues such as:
Even well-managed businesses can face claims, making this cover essential.
What Does Management Liability Insurance Cover?
A typical Management Liability policy may include protection for:
Types of Cover Available Under a Management Liability Policy
Your policy can be tailored to suit your business and may include:
Directors & Officers (D&O) Liability
Protects directors and officers from personal financial loss arising from allegations of wrongful acts in their leadership roles. If the business indemnifies the director or officer, the policy may reimburse the company.
Corporate Liability
Covers the company itself for claims alleging wrongful acts committed by the business, rather than individuals.
Employment Practices Liability (EPL)
Protects against employee-related claims, including discrimination, harassment, bullying, or unfair dismissal.
Crime Cover
Protects against direct financial loss resulting from theft, fraud, or attempted theft by internal or external parties.
Statutory Liability
Covers the business, its executives, and employees for unintentional breaches of legislation, including legal defence costs and certain fines or penalties (subject to policy terms).
Why Management Liability Insurance Matters
With increasing regulation, stricter workplace laws, and severe penalties, including fines and potential disqualification, protecting your leadership team is more important than ever.
You’ve worked hard to build your business and your career. Don’t risk it all by leaving management exposures uninsured.
What Is Included?
What Is Typically Not Covered?