Running a business comes with many responsibilities — and for company directors, officers, and managers, those responsibilities carry legal and financial risks. Management Liability insurance is designed to help protect you and your business from the potentially costly consequences of these risks.

What is Management Liability Insurance?
Management Liability insurance provides cover for the legal, financial, and reputational impacts that can arise from claims of wrongful acts in the management of a company. This may include allegations of breaches of duty, misrepresentation, workplace claims, or regulatory investigations.

Why It’s Important
Even in well-run businesses, directors and managers can be held personally liable for their actions — and the cost of defending a claim can be significant. Without cover, these expenses could come directly from personal or business assets. Management Liability insurance can help cover legal defence costs, settlements, and penalties (where insurable by law), providing peace of mind and financial security.

Broad Protection
A typical policy may include cover for:

• Directors and Officers Liability – Protecting individuals against claims made for wrongful acts.

• Employment Practices Liability – Covering claims relating to workplace issues such as unfair dismissal or discrimination.

• Crime Cover – Protecting the business from certain types of fraud or theft by employees or third parties.

• Statutory Liability – Covering costs related to certain regulatory breaches.

A Smart Business Safeguard
Management Liability insurance is relevant for companies of all sizes, not just large corporations. Whether you operate a small business or manage a growing enterprise, this cover helps ensure that you and your leadership team can focus on running the business without the constant worry of personal exposure.