Most of us wouldn’t think twice about insuring our businesses against theft, fire and personal injury, but what about insuring you and your staff against the risks that come with running a business?

Management Liability insurance covers the company and senior staff for mismanagement and misconduct.

Who is it for?

• Business owners and Directors.
• Board members of private organisations or any business.

What does this cover?

This type of insurance is designed to protect the financial wellbeing of the company as well as a Director’s own personal wealth.

Claims against a Director or Officer or their business could include:

• Bullying
• Breach of duty
• Defamation
• Discrimination
• Fraud
• Harassment
• Occupational Health and Safety
• Theft by employees or contractors
• Unfair dismissal.

Management Liability insurance can typically protect against some or all of these risks:

• Damages and claimant costs awarded against you
• Legal fees
• Investigation costs
• Civil fines and penalties
• Representation costs where you are legally required to attend an inquiry or investigation regarding company affairs

What usually isn’t covered?

The kinds of exclusions and the excess you need to pay can vary greatly depending on your insurer. In many cases, your policy won’t cover:

• Cyber-crime, unless specifically set out in your policy (you can get cover extensions in some cases)
• Employee entitlements
• Property damage or bodily injury

There are other exclusions which we can explain to you.