Management Liability Insurance covers you for:
- Legal costs and expenses in defence of a claim
- Damages and compensation awarded against you
In the event of:
- A claim against a director, officer, trustee or manager of an organisation.
Why should you get Management Liability Insurance?
Typically most organisations would be covered through Public Liability along with other insurances, however it often ends up that individuals within the company are unprotected.
Because of this, it’s important to recognise that specific individuals involved in the management and decision making also hold extensive responsibility for not only themselves, but the organisation they’re representing.
The result of this can often have negative effects, for example; a miscalculated decision could put the individual at risk of compensation claims, legal action or even an official investigation directed at them.