Management Liability cover incorporates several areas of risk associated with the running of any type of business, however large or small – and includes the following:
- Directors & Officers (D&O) Liability – which covers the personal liability of all those involved in decision-making at the business
- Corporate Legal Liability – which protects the company for claims made against it in respect of Corporate Manslaughter, breach of Data Protection Act, amongst others
- Employment Practices Liability – which protects the company for claims arising from employment disputes, i.e. unfair dismissal, sexual or racial discrimination etc.
We work with specialist insurers who can tailor cover to your specific requirements.
The sort of questions you should consider when purchasing management liability cover includes:
- Does the policy contain any notable exclusions, such as a major shareholder exclusion? Does this significantly restrict the cover potentially provided?
- What are the policy excesses?
- Is the cover set up with potential international exposures in mind?
- When does the Employment Practices Liability cover activate?
- Does the policy provide any additional services? Legal advice or Human Resources assistance, for example
A high level of attention to detail is required to ensure that cover is appropriate to your needs.
Please speak to Charter Insurance Brokers on 01772 326800 to find out how we can help protect your business or contact us
