An essential part of your Risk Management Toolkit
When thinking about insurance for your business it is normal to consider the liability of the company. But what about as an individual undertaking a vital role such as a business owner or director, who makes operational decisions day in, day out. There are rafts of risks you may face that you may not have considered, that frequently affect businesses and their owners every day and involve large financial impacts on both the business and the individuals.
The stats that all business owners, directors and officers should consider before discounting the need for management liability cover.
How Can Management Liability Help?
Crime Risk: Protection for your business in the case of fraud and dishonesty by employees and third parties
Employment Practises Liability: Protecting you as an employer from claims against you from their employees
• Wrongful dismissal
• Bullying & Sexual harassment
• Other employment related incidents
Directors & Officers Liability: When you are held personally liable for a wrongful act carried out in the scope of your duties.
Tax Audit Cover: When your business receives an unexpected tax audit, you need protection against the cost of responding
Statutory Liability Insurance: Protecting you as an employer from claims against you from their employees
• Work Health & Safety
• Privacy Laws
Real Claims Examples
Claims in this space can be sizeable, below is a few examples of how businesses and their owners have been affected.
Employment Practices Liability
Directors and Officers