What does Management Liability cover?
Management Liability Insurance protects a company against financial losses if the company or it’s directors and officers have failed to meet their duties. This may be due to breach of contract, workplace health and safety breaches or for the harassment, discrimination or wrongful dismissal of employees. It may pay for any fines or legal settlements including defence costs, thus protecting the company and it’s directors and officers. Furthermore, it may ensure that a directors personal assets are not exposed by the failure of the company in meeting it’s commitments. Northern Insurance Solutions can help establish any exposures your company may have and design a Management Liability package to protect it. Contact us to arrange a meeting.
How much does Management Liability Insurance cost?
Management Liability premiums are based on the size of your business and your business activities. The larger your business, the more exposure you have to breaches and employment practices issues such as wrongful dismissal, harassment and even to criminal negligence for workplace injuries or death. It’s important for every business to consider it’s exposures and how these can be protected by Management Liability. Northern Insurance Solutions are able to assist with all of your insurance needs. Contact us now for a quote!