Potentially, yes.

Management Liability Insurance can provide cover for both the insured organisation and certain individuals, depending on the policy section and claim.

Who can be covered under Directors and Officers Liability? #

Depending on the policy definition, insured people can include:

• Directors
• Officers
• Senior managers
• Employees acting in certain managerial or supervisory roles
• Other people falling within the policy’s definition of an insured person

What about the company itself? #

The Company or Entity Liability section can provide cover for certain claims made directly against the insured organisation.

A single matter can involve both the company and individual directors or managers.

For example, allegations made by:

• Regulators
• Employees
• Shareholders
• Other third parties

can sometimes name both the organisation and people involved in a decision.

What should be checked? #

The policy should correctly identify:

• Insured entities
• Subsidiaries
• Insured persons
• Applicable limits
• Excesses
• Sub-limits
• Exclusions

Defence costs can also be inside or outside the available limit depending on the policy.

Contact our team if your company structure, directors or subsidiaries change.