Management Liability Insurance
PROTECT YOUR COMPANY AND ITS LEADERS FROM DAMAGING DISPUTES AND FINANCIAL LOSSES
Safeguard your business and your directors from unpredictable legal challenges with the Management Liability cover arranged through Darwin Clayton. To get a quote or professional advice from our friendly team of insurance specialists, please call at 01892 511 144 or via email at info@dcuk.co.uk
Why arrange Management Liability Insurance through Darwin Clayton?
Our team of insurance specialists will work with you to understand your business, its activities, and risks. Based on this insight we will tailor a cover to fit your business-specific requirements. You will be provided with a dedicated insurance advisor, who will offer you professional advice and answer any questions you might have. The policy we arrange also includes a 24-hour legal helpline.
Management Liability Insurance cover we arrange can help protect the personal assets of the organisation’s leaders from being used against legal fees or fines in case the claim is made directly against them. This cover also helps protect your business as a separate entity if it is held accountable for various legal obligations.
Some of the benefits of partnering with us are:
- Risk Understanding
- Providing a dedicated insurance advisor who is here to offer you professional advice and guidance
- Supporting you every step of the way in the event of a claim
As you can see, your business insurance is in excellent hands with Darwin Clayton
We're here to help.
What is Management Liability Insurance?
Management Liability, also known as Directors & Officers (D&O) Insurance, helps protect your company’s directors, general managers, and officers if a claim is made against them. This insurance covers the costs associated with the actions and decisions they make on behalf of the company. Your cover can be tailored to your company’s specific requirements based on your business activities, company size, and the perceived risk of a claim.
Management Liability Insurance consists of three key covers:
This cover can help protect your directors, officers, general managers and LLP partners. Your business leaders have more responsibilities, and a claim can be made directly against them. They can be accused of a wide range of wrongful acts, such as breach of duty of care, breach of trust, negligent errors or health and safety failure. The claims may come from employees, shareholders or third parties for alleged wrongdoing in their role at the insured company. These claims may even result in loss of assets, such as cars and houses. D&O Insurance, which we arrange for you, can help cover expensive costs, disqualification, and even criminal prosecution. There are some common D&O exclusions, such as: insurance policies do not cover deliberately fraudulent or criminal actions. Your dedicated insurance advisor can explain the cover to you in more detail.
Your employees are becoming more aware of their rights, especially as workplace law evolves. Workplace law strengthens employee rights and expands protections against various forms of discrimination, victimisation, unfair dismissal, or harassment.
Employment Practices Liability helps you manage the risk and can help protect your company against financial loss from claims made by your employees for employment practice violations.
Your business will be covered against claims for harassment, unlawful discrimination, defamation, invasion of privacy, wrongful, unfair, or constructive dismissal, and wrongful deprivation of a career opportunity. This cover also includes payments against legal representation costs, enquiries and investigations into you; losses arising from any injunction brought by the Equalities and Human Rights Commission.
As part of this cover, you will be offered legal assistance services, including free legal advice.
When incorporated, a company is recognised as a separate entity from its owners and managers. This means that the company can be held accountable for various legal obligations and face lawsuits independently of its stakeholders. It becomes responsible for the actions of its employees or third-party agents.
CLL insurance protects the company if claims are made against it. This protection covers various liabilities such as mismanagement, health and safety breaches, discrimination, or unfair dismissal. Without this cover, businesses will have to pay these costs themselves, which could lead to severe financial distress or even insolvency. CLL Insurance is a vital component of a comprehensive risk management strategy, safeguarding your business from unpredictable legal challenges.
Management Liability Insurance FAQs
Getting the right protection for your business, its management team and employees is important. To help you make the right choice, here are our Management Liability Insurance frequently asked questions. We hope you will find the answers that you are looking for. If you still need some further assistance, please feel free to call our team of insurance specialists on 01892 511 144 or via email at info@dcuk.co.uk.
Management Liability Insurance is not required by law; however, you might find it difficult to recruit top talent without having this policy in place. Qualified candidates might ask if you have this cover before entering an employment.
This cover gives your directors, general managers and officers the confidence that in the event of a claim or prosecution when things go wrong, they are protected against difficult situations and financial losses. This cover also protects your leaders’ personal assets.
Corporate Liability Insurance (CLL) is a part of Management Liability Insurance. If a claim is made against your company due to health and safety breaches, discrimination, or unfair dismissal for example, without CLL cover, your business will have to pay the costs associated with the claim. Some of these costs could lead to severe financial distress or even insolvency.
Every business has its own unique features, such as size, services offered, and activities undertaken. Our team of insurance specialists will work with you to understand your business and tailor a policy that reflects your company requirements and offers the right level of protection. If you would like to get a Management Liability Insurance quote, call us on 01892 511 144 or start your quote here.
Directors & Officers Liability Insurance (D&O) is one of the three key insurance covers included in Management Liability Insurance (MLI). D&O covers the personal assets, disqualification or even criminal prosecution of a company’s directors, general managers and officers. Claims against your company leaders can be made by employees, shareholders, competitors, creditors or other parties.
MLI not only protects your company leaders, but it also protects the company itself from a wider range of risks. It also includes Employment Practices Liability and Corporate Legal Liability Insurance covers. To find out more about Management Liability Insurance and how to protect your company and its leaders, please feel free to contact our insurance specialists, call 01892 511 144 or via email at info@dcuk.co.uk
Like some more Management Liability Insurance help?
If you’d like some help with your Management Liability Insurance, please give us a call on 01892 511 144. Our team of insurance professionals will be happy to help you get the protection you need and offer you an Management Liability Insurance quote.
