• Directors and Officers & Management Liability Insurance

Irrespective of a company’s Limited status, Directors, Officers and Employees can be held personally liable for decisions made on the company’s behalf, whether or not they were directly involved – your own personal wealth could be at risk!

Management Liability, sometimes known as Directors and Officers Liability Insurance Indemnifies the Directors and Officers of the Company for claims made against them, during the policy period, arising from actual or alleged wrongful acts in their respective capacities as Directors or Officers of the Company.

Whether you are a small business or a large corporation, having the right management liability insurance ensures that your leadership and senior management team is protected against personal financial loss and legal defence costs in the event of a claim.

Who and What Can a Claim of Management Liability Be?

Employees, shareholders, your company, creditors, regulators, Insolvency Practitioners, customers, fellow directors, suppliers, and even the government can make a claim against you if they feel they have suffered a loss due to the director’s wrongful actions in their position.

Litigation can come from anywhere but may include cases of:

  • Mismanagement
  • Unfair dismissal or discrimination
  • Negligence
  • Slander
  • Sexual harassment
  • Regulatory investigations from the Health & Safety Executive and HM Revenue & Customs
  • Breach of contract
  • Insolvency

What Risks Does Your Business Face Without Management Liability Cover?

If you were unable to defend a claim made against you, the outcomes could have a lasting effect on you, your family, and your business.

Possible outcomes of being unable to defend a claim include, but are not limited to:

  • Disqualification as Director
  • Criminal prosecution
  • Custodial sentence
  • Personal bankruptcy
  • Loss of jobs and business reputation
  • Family trauma and financial hardship

Protect your business and its leadership team with comprehensive Management Liability Insurance. Whether you're a small startup or an established large business, having the right cover in place is critical to protecting your business.

Contact us today to get a personalised Management Liability Insurance quote, tailored to meet the requirements of your business.

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