Get Management Indemnity Package

Management liability insurance is important for all businesses, big and small to help protect against unpredictable and potentially large liability claims.

If you operate a small business, even one lawsuit could lead to significant financial losses. This is where management liability insurance can be an asset. The policy is designed to protect your officers, managers, and board of directors against mismanagement and workplace discrimination allegations.

Management liability insurance is otherwise known as directors and officers (D&O) insurance. D&O insurance and corporate legal liability are the main covers under a policy, with options to also include employment practices liability insurance.

A Management Liability policy (or MLP) is designed to protect them against legal action in a range of situations, including employment disputes and wrongful acts, as well as covering tax investigations and legal support. Sections include: Directors & Officers Insurance (D&O) Employment Practices Liability.

Management Liability Insurance provides financial protection for your business should you or one of your management team be found to have acted wrongfully towards an employee. If a claim is made, your insurer may cover any court-imposed compensation or settlements including legal defence costs.

Management liability insurance is a package of insurance policies designed to protect a business and its directors, officers, board members, managers and administrators from lawsuits alleging mismanagement. This type of coverage protects against risks that are not covered under a commercial general liability policy.

Professional Indemnity Insurance covers the 'activities' of a business whereas Management Liability Insurance covers the 'running' of a business. As a simple breakdown: Professional Indemnity Insurance covers a business against the 'professional advice' it provides when a financial loss is suffered by a third party.

Management Liability Insurance provides coverage beyond a general liability policy, centered around financial losses stemming from legal defense costs, judgments, or settlements from lawsuits alleging a variety of mismanagement or wrongful acts within the context of operating a business.