Management Liability Insurance Protection for a Company and its Directors
The business world is changing and you and your company are at risk now more than ever before - Management Liability Insurance
Most private companies operate without the knowledge that serious loopholes exist for management related risks. Often this area is ignored and company directors and officers are directly exposed to financial risks and well as the entity itself
Management Liability Insurance has been created to offer the company (or other entity) and the directors secure protection – It is much more encompassing than the covers offered under a traditional directors and officers insurance as it protects both the personal assets (wealth) of the directors and offices as well as the company itself
Management Liability Insurance is not a stand alone item usually but a cover to enhance the protection of the existing insurance programme
Comprehensive management liability insurance
Comprehensive management liability insurance covers both the directors personally and the company for claims made by or resulting from government agencies, OH&S breaches, creditors, legislative breaches, competitors and shareholders.
It rolls several insurance policies into one for complete protection for a comprehensive range of management exposures. These include:
Why use a broker ?
Your broker should be familiar with every insurer offering management liability insurance. Using their market knowledge and contacts to enhance your level of coverage for the widest range of exposures to your board and management.
An Insurance Broker will act as your risk partner and maintain a vigilant insurance program for every exposure you wish or need to cover.
What’s more, take out management liability insurance with an Insurance broker and you will gain many extra advantages not limited to :