Many businesses are still operating without this cover.
Here at Magna Insurance Brokers Ltd we strongly recommend you consider this as part of your compulsory covers.
So what does management liability cover?
You have the option to choose a number of covers within the package, these mainly consist of:
Directors & Officers – legal costs, awards and settlements for any claim or regulatory action brought against any past, present, or future director, officer or employee.
Employment Practices Liability – legal costs, awards and settlements for any employment claims brought against any past, present or future director, officer or employee.
Company Legal Liability – legal costs, awards and settlements for any claims or regulatory action brought against you.
These are the basic covers. The policy can also extend to include commercial crime and pension trustees lliability, depending on the insurer package.
