When it comes to operating a business, there are a multitude of operational risks that, if not properly addressed, may have catastrophic financial consequences for both your company and yourself.

Management Liability Insurance is a cost-effective package of coverage for directors, officers, managers, and other company entities in the SME market. It is an important part of every business owner’s risk management toolset, and it usually covers the following risks:

• Protects directors and senior management of a company from being held personally accountable for any actual or claimed mismanagement of the business while executing their duties within the organisation.
• Offers protection to both you and your business against fines and/or statutory penalties imposed by a regulator for unintentional breaches of certain regulations, for which you are liable to pay (where indemnifiable by law).
• Provides employment practises liability coverage for allegations of unfair dismissal, wrongful termination, and inappropriate redundancy.