There are three key areas to a management liability portfolio:
- Directors and officers liability insurance – This section of cover protects the personal wealth of Directors, Senior Officers and any other Management staff from the legal costs and awards in defending against civil, criminal and regulatory claims or investigations.
- Employment practices liability insurance – This covers both the Directors and the business from claims from potential, current and former employees alleging breach of contract/employment law.
- Corporate legal liability insurance – Claims can be made against the Directors and officers and also the business itself in tandem. This cover protects the legal entity (business) from defence costs incurred relating to civil, regulatory claim or investigation.
Management liability portfolio insurance from Towergate
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For more information about Management liability portfolio insurance, contact your usual Towergate Insurance Broker advisor or email TIB@towergate.co.uk