What is Management Liability Insurance?
Management Liability Insurance provides protection against risks experienced with running businesses. Without correct insurance you could risk losing not only your business, but also your personal assets.
Common claims under Management Liability Insurance include:
Management Liability Insurance is a packaged product which will normally cover:
Protection for directors and officers (past and present) involved in the management of a company for claims of a wrongful act during the period of insurance.
Protection to the company, directors & officers for claims made by employees for issues arising from employment practices, including harassment, unfair dismissal and other employment issues.
Protection for loss arising from dishonest acts such as theft and fraud by employees.
Protection against statutory fines and penalties including fines related to occupational health & safety.