DIRECTORS AND OFFICER

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Management Liability insurance is also known as Directors’ and Officers’ liability insurance. The insurance policy that provides the persons insured with financial protection in the event an individual (opposed to the company) is subject to a claim / legal pursuit.

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By purchasing a management liability policy, you can be confident that you and any other insured directors, partners or officers are protected against the cost of defending or settling a variety of potential issues including: 

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•   Health and Safety 

•   Personal involvement with the administration of any company pension

•   Personal breach of duty or trust

•   Defamation

•   Negligence

•   Wrongful trading (ie.: under section 214 of the Insolvency Act 1986)

•   The operation or administration of a pension or employee benefit scheme

claims by investors or other shareholders (including other directors)

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 In addition to protecting the individual directors and officers in the business, cover can be extended to include:

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•   Company Entity Liability – protecting the company from claims.

•   Employee Dishonesty – cover for financial loss as a result of employee dishonesty.

•   Commercial Crime – cover for losses following employee theft and third party fraud.

•   Company Entity Employment Practice Liability – covering the defence costs and damages resulting from claims for wrongful employment practices brought by past, present or prospective employees against an organisation.