Management Liability -Directors and Officers
Management Liability insurance protects you as a company director, officer or senior manager for the decisions and actions you make whilst managing the business. As a company director you have unlimited personal liability and this policy covers the cost of claims for compensation.
Management Liability includes:
Directors and officers Liability
Legal liability for losses, defence costs and expenses arising from negligence and breach of duty committed by a director.
Employment Practice Liability
Some policies include this section as standard and others have to be extended. The section provides legal liability for losses, defence costs and expenses arising from an employment practices wrongful act. Such as harassment, discrimination or defamation.
Corporate Legal Liability
Public Relations costs
The limit of indemnity could be anything from £250,000 to £10,000,000. The limit you need should be based on the number of directors and the net worth of those individuals. Policies can be bought on an aggregate or any one claim basis.
Cover is available for private companies, charities, UK clubs and associations, partnerships and sole traders.
For more help and advice please do not hesitate to contact us at Hoskin Commercial Insurance on
Maldon (01621) 876030