Management Liability Insurance

In an increasingly complex world, get indemnity™ management liability insurance can offer comprehensive cover

Get indemnity™ management liability

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Ensure your business and senior individuals are protected with management liability insurance.
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Management liability insurance starts from £381 annually for a £1 million D&O and CLL cover.
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Compare D&O insurance under a management liability insurance policy.
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Get indemnity™ management liability insurance is available to companies with up to £100m turnover.

Management Liability Insurance

Compare business insurance designed for private companies and limited liability partnerships

Managing a business, you are exposed to legal actions against the company and/or yourself individually. Management liability insurance can offer protection against liabilities and financial losses to protect your business and your personal assets. 

At get indemnity™ management liability insurance starts at £381 annually for a £1 million D&O insurance and Corporate Legal Liability limit. Below we explain how management liability insurance is packaged and how it can protect you and your business.


    Get indemnity™ management liability

    When making decisions on behalf of an incorporated entity, the management can be held personally libel for their actions on behalf of the company.

    Directors and officers insurance is a key cover provided under management liability insurance. In addition, there are a number of additional protections that can be purchased under the same policy.

    At get indemnity™ management liability insurance is available to start-ups and companies with a turnover up to £100m. If your lastest reported accounts show a profit before tax and has a positive net worth, the process to obtain quotes is simple.


    What is management liability insurance?

    Management liability insurance is a package policy for small and medium sized private companies and LLPs, that offers financial protection to the senior management, and the company against a range of allegations.
     
    The main cover under a management liability policy is directors and officers insurance, with optional protection for employment practices liability (EPL), corporate legal liability (CLL), and crime insurance
     
    UK management liability insurance explained


    Who needs management liability insurance?

    Individuals that accept roles as directors, officers and senior managers can be held personally libel. Therefore, management liability insurance is required to protect the personal assets of individuals that take leadership roles.

    Civil, regulatory and criminal allegations made against individuals and/or the company can be very costly and time consuming to defend, even if they're without merit. We've produced a guide called: Why company directors don’t need D&O insurance?

    Management liability insurance claims can arise from a wide range of sources. Having timely access to legal counsel who can advise on the best course of action, can resolve any issues quickly.


    What does management liability insurance cover?

    Each insurer's standard management liability insurance policy varies, however the broad covers are comparable under the below sections:

         

    D&O Insurance

    Employment Practice Liability

    Corporate Legal Liability

    Crime Insurance

    Social Engineering

    Additional Covers

    Management liability insurance has not always been purchased by small businesses, but has become increasingly important in a litigious environment to protect against increasingly expensive legal costs.

    Management liability insurance definitions can vary, therfore it's worth considering the terms to consider what cover best meets your needs. 


    Directors & officers insurance

    Directors and officers (D&O) is the main cover offered under management liability and provides individuals financial protection from civil litigation and regulatory investigations, while acting in a managerial capacity on behalf of the company.

    The law generally seeks to protect individuals from personal liability where they have acted in good faith and complied with their responsibilities. However, any director, partner or employee acting in a managerial capacity on behalf of the company that fails to meet their legal obligations can be held personally liable.


    Employment practice liability

    Employment practice liability (EPL) offers financial protection under management liability from claims arising from a range of employment disputes (i.e. wrongful dismissal, harassment and discrimination).

    Dealing with employees can be highly emotive and if internal procedures aren't followed, you can leave yourself open to successful employment tribunal claims. With greater employee awareness of their rights and how to exercise them, the cost and resource to defend employment disputes can cause significant disruption.


    Corporate legal liability

    Corporate legal liability (CLL) offers the company financial protection under management liability from civil litigation and regulatory investigations. The insurance will protect against legal costs in defending allegations and damages.

    Corporate legal liability is similar to D&O insurance but will defend claims made against the company as opposed to individuals. Breach of contract, copyright infringement and corporate manslaughter are typically covered. Corporate legal liability can only be purchased in conjunction with D&O Insurance.


    Crime insurance

    Crime insurance offers the company financial protection under management liability for the theft of property, money or securities from employee dishonesty or fraud.

    Companies with inadequate controls are often the target of sophisticated criminal networks and disgruntled employees. Crime insurance can offer valuable protection against damaging criminal behaviour. Employee theft is the standard cover offered under crime insurance. However, some insurers have expanded this section to include cover for social engineering fraud.


    If you would like a better understanding of management liability principles, such as duty to defend or indemnification, please visit liability insurance.


    Additional management liability covers:

    Additional management liability insurance covers can include:

    Cyber insurance can protect your business against first and third-party losses arising from security and privacy breaches.

    Kidnap and ransom can protect your business against the associated costs with incidents of kidnapping and extortion, potentially offering a crisis management service.

    Pension trustee liability can protect individuals while acting as trustees, the sponsoring employer and the pension scheme, against civil, criminal and regulatory proceedings.


    How to compare management liability insurance quotes?

    At get indemnity we're specialist management liability brokers. To obtain your management liability quotes, please complete our online application and we can typically offer quotes in less than 48 hours.

    There are a number of insurers that can provide comprehensive management liability insurance at competitive premiums.

    If your business has a low to medium hazard exposure (typically viewed as being financially stable and not operating within a high-risk industry class) competition remains in the market.

    Ensure you continue to purchase the most competitive D&O insurance available with a management liability insurance broker.

     

    Compare management liability insurance uk quotes


    This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.