What is Management Liability?
There are three key areas to a management liability policy:
1) Directors and Officers Liability – This section of cover protects the personal wealth of you, the director and any other management staff from the legal costs and awards in defending against civil, criminal and regulatory claims or investigations.
2) Employment Practices Liability – This covers both you, the directors and the business from claims from potential, current and former employees alleging breach of contract/employment law.
3) Corporate Legal Liability – Claims can be made against the directors and officers and also the business itself in tandem.