D&O and Management Liability
You can tailor your Management Liability policy to suit your businesses’ needs. Types of coverage you can take out include:
Directors & Officers Liability – protects directors and officers from losses due to claims of actual or alleged wrongful acts in their role as a director or officer. If the company indemnifies the director or officer for such liability, it will be entitled to cover under the Company Reimbursement section of the policy
Corporate Liability – protects your company against claims of alleged or actual wrongful acts by it (as opposed to claims being made against the directors or officers).
Employment Practices Liability – which covers a company from claims made by employees in relation to their employment conditions or breaches of employment laws. This can include claims alleging unfair dismissal or discrimination.
Crime – covers you against direct financial loss as a result of theft or attempted theft from your business premises.
Statutory Liability – covers the company, senior management and employees for allegations of wrongful breaches of key legislation in the course of the Insured’s business. The policy will meet fines and penalties payable in specified circumstances and related legal expenses
With potential penalties that range from hefty fines all the way through to disqualification, there is a clear need for an effective way to protect your business.