Any business can experience unwelcome surprises that could potentially threaten their financial position. As a director or officer, you may be exposed to personal liability further threatening the future success of the business.
Increased regulation has heightened the operating risk for businesses of all sizes. Management Liability insurance is specifically designed to protect private companies and their directors. It’s more comprehensive than traditional directors and officers insurance, as it protects both the financial wellbeing of the company, and the personal wealth of its directors and officers.
While each insurer’s management liability product is different they will generally provide the following covers: