Directors and Managers of businesses are increasingly under a lot of pressure to please a multitude of key stakeholders whether they be business partners, employees, shareholders or even clients.
If a business is not adequately covered with Management Liability Insurance, its Directors and Managers could be at risk of losing not just their business, but also personal assets as well.
This type of insurance is designed to protect the financial wellbeing of the company as well as a directors own personal wealth.
Claims against a Director or Officer or their business could include:
Depending on the cover you take, the right Management Liability policy can typically protect against some or all of these risks:
Consider the following questions and if they resonate with you then you would probably need Management Liability insurance.