Compare Management Liability Insurance
When you are a decision-maker within a business, you are exposed to legal action being taken against the company and/or yourself individually. Our market-leading management liability insurance can offer protection against liabilities and financial losses, to protect you, your business, reputation, and your personal assets. Talk to our team today and get management liability advice and cover to protect you and your business.
What is management liability insurance?
Management liability insurance is a package policy designed for private companies and partnerships with limited liabilities. This would typically cover businesses with turnover up to £100m. The main protection within this policy comes from Directors and Officers Insurance (D&O Insurance), which protects senior managers and decision-makers. Other levels of protection that can be added to your policy can include employment practices liability, cyber liability insurance, corporate legal liability, and crime insurance.
Who needs management liability insurance?
Individuals that accept roles as directors, officers, executives, decision-makers, and senior managers can be held personally libel. This is why getting the strongest protection from your management liability insurance policy is crucial. This will vary from business to business. 1st Choice Insurance have access to the very best markets and advice, so we can listen to your business’s needs and provide a bespoke policy to give you complete peace of mind.
How do management liability claims arise?
Management liability claims can arise from a wide range of sources, both internal and external to the business. Any stakeholder who could be affected by an internal decision made by a business management team could sue you if they suffer financial losses. Claims can be made by regulators, competitors, customers, employees, creditors, shareholders, administrators, and shareholders.
Compare the leading markets
Our team has access to all the leading insurance markets in the UK. No matter the size or nature of your business, we have the expertise to help. We will speak to all the leading insurance brands and find you the best level of cover for your needs, for the most competitive rate. Call our team 01743 770500 or simply complete our short quote form to start your insurance comparison.