Management Liability Insurance

Management Liability Insurance protects your business and its leadership team from the financial impact of wrongful acts, offering cover for legal defence costs, settlements and judgments. When you have spent your entire life building your business, this is the policy which will protect your personal assets, like your house and car. We highly recommend every client buys this insurance.

What Does This Insurance Typically Cover?

  • Directors & Officers (D&O) Liability

    Protects the personal assets of company directors and officers against claims related to their decisions and actions

  • Corporate Legal Liability

    Extends this protection to the company itself as a legal entity

  • Employment Practices Liability (EPL)

    Covers claims made by employees, including allegations of discrimination – such as sexism, racism or other forms of unfair treatment

Optional Add-Ons

  • Crime Cover

    Protects against losses from employee theft, fraud or forgery

  • Cyber Liability

    Covers data breaches, cyberattacks and associated costs

What a Claim Might Look Like

1. Directors & Officers (D&O) Liability

Scenario:
A shareholder sues the company’s directors, alleging mismanagement that led to a significant drop in company value. The directors face legal action for breaching their fiduciary duties.

Outcome:
The D&O policy covers legal defence costs and a settlement, protecting the directors’ personal assets.

2. Corporate Legal Liability

Scenario:
A regulatory body investigates the company for allegedly violating compliance obligations. The company is required to defend itself and potentially pay fines or penalties.

Outcome:
The Management Liability Insurance policy covers the legal costs incurred in responding to the investigation and resolving the matter.

3. Employment Practices Liability (EPL)

Scenario:
An employee files a claim against the company, alleging wrongful termination and workplace discrimination based on gender.

Outcome:
The EPL coverage pays for legal representation, mediation and a settlement agreement reached out of court.

4. Crime Cover (Optional)

Scenario:
A long-term employee is discovered to have embezzled funds over several years, resulting in significant financial loss.
Outcome:
The crime policy reimburses the company for the stolen amount, subject to policy limits and conditions.

5. Cyber Liability (Optional)

Scenario:
The company suffers a ransomware attack, encrypting sensitive client data and demanding payment for release.
Outcome:
The cyber policy covers the cost of forensic investigation, data recovery, legal advice, customer notification and system restoration.

We Would Love to Hear from You

Let’s talk about how we can improve your coverage, service, and premium. Simply fill in your details, and we will be in touch within 24 hours to see if we can help.