What is Management Liability insurance?
Management Liability insurance protects the individuals and the company in relation to the exposures associated with managing a company. The key elements to the cover are as follows: • Directors and Officers Liability This provides cover for the Directors and Officers (including where the company can reimburse the directors) for any claim alleging a Wrongful Act (negligence, breach of duty, misrepresentations) by a Director or Officer. • Company Cover This provides cover for the Company where there is a claim against the entity alleging wrongful acts • Employment Practices liability This provides cover for the Company for claims alleging an employment breach including wrongful dismissal, discrimination, harassment, deprivation of career opportunity, beach of employment contract, etc. • Trustee Liability This provides cover for where the insured or one of its officers acts as trustee of the insured entity’s own staff superannuation fund.
