Insurance
Management Liability Insurance
Management Liability insurance protects the people who run a private company, and the company itself, against claims arising from how the business is managed. It responds to matters such as employment disputes, regulatory investigations and statutory fines where insurable.
Do I need Management Liability insurance?
If you are a director or officer of a private company, your personal assets are exposed to claims about how the company is run. Employment claims and regulator activity affect businesses of every size.
What does it cover?
- Directors and officers liability
- Company liability for management claims
- Employment practices liability, including unfair dismissal and discrimination claims
- Statutory fines and penalties where the law allows them to be insured
- Defence costs for regulatory investigations
- Employee theft and crime cover, depending on the policy
Important tips
- Employment disputes are the most frequent claim. Document performance and termination processes carefully.
- Cover is claims-made, so maintain continuity and disclose known circumstances when you renew or switch.
- Check how the policy treats tax audit costs and workplace health and safety investigations.
General advice warning
The information on this page is general advice only. It does not take into account your objectives, financial situation or needs. Before acting on it, consider whether it is appropriate for you, and read the relevant Product Disclosure Statement before deciding to buy or hold any insurance product.
How Loyed can help
We explain the exposures in plain language, size the limit to your business, and place cover with insurers whose claims teams handle these matters well.
Request a quote
Tell us a little about your business and a member of the Loyed team will contact you within one business day.