Menu Close

Management Liability

Slide 2
Management Liability

Management liability insurance provides protection against the financial exposures that come with managing a company.

Management Liability

Protection for the Directors and Management of your company. Management liability insurance is a cover that is usually overlooked by business owners. It shouldn’t be. It is one of the most important insurance covers that should be put in place to protect not just your businesses, but the Directors and Key Management as well.

To understand how important this cover is, one needs to first look at what this cover protects you from. Whenever an individual Owner or Director of the business is being held responsible for something done by a company, it could lead to a cost that they personally have to reimburse – and possibly even cause them to enter bankruptcy as a result.

Management Liability insurance is specifically designed to protect private companies and their Directors. It’s more comprehensive than traditional Directors and Officers insurance, as it protects both the financial wellbeing of the company and the personal wealth of its Directors and Officers.

Management Liability Insurance is easily confused with professional indemnity insurance. Professional Indemnity Insurance covers the  ‘activities’ of a business whereas Management Liability Insurance covers the ‘running’ of a business.

As a simple breakdown:

  • Professional Indemnity Insurance covers a business against the ‘professional advice’ it provides when a financial loss is suffered by a third party
  • Management Liability Insurance covers a business against ‘mismanagement’ for losses sustained by third parties.

Directors & Officers Liability

Directors & Officers Liability will protect the past, present and future Directors and Officers of a business. It will also cover anyone else involved in the management of a company, including employees.

Director & Officer claims can arise from acts such as:

  • Engaging in Unfair Competition
  • Fraud or Breach of Fiduciary Duty
  • Misappropriation of Trade Secrets
  • Insolvent Trading
  • Manslaughter
  • Intellectual Property Breach

These types of claims can be made against an individual, the company or both.

    Quote Request

    Fill in the form below for a quote

    Enquire today to see how we can help your business.

    Yes, please contact me for the best coverage at the best possible price.