Directors & Officers Management Liability Insurance
Management Liability is a broad categorisation of different insurance policies which generally provide cover to individuals and companies for economic exposures associated with managing a company, including the consequences of negligent acts, errors or omissions by a Director or Officer.
Different insurers provide different coverages under their policies, however most include the following operative sections:
Management Liability: Cover for costs of defending directors, managers and employees against claims arising from their actions and decisions.
Corporate Liability: Cover for claims of wrongful management, accidental death of a director, and public relations.
Employment Practices Liability: Protects the business from claims for wrongful dismissal or discrimination.
Crime: Protecting the company assets and balance sheet from fraudulent or dishonest activities.
Statutory Liability: Protecting both individuals and the entity against fines and pecuniary penalties.
Several insurers offer the above covers individually as standalone policies or as a package.
Obtaining a Quotation
To obtain a quotation, insurers will require a completed proposal form as well as details regarding your previous business activities and credentials.
For more information please contact ARMS Risk Management.
All policies are subject to the insurer's policy terms, conditions and exclusions contained in the policy wording and agreed with the insurer. The information provided in our Product pages are a general description of the cover only. For more information about any of the insurances on our website please contact ARMS Risk Management.