MANAGEMENT LIABILITY COVER FOR SOLE TRADERS and PARTNERSHIPS
All businesses carry the responsibility to 'get it right'. Mismanagement or mistakes can often mean a claim from a third party for some form of damages or a regulatory authority investigation.
Sole traders and partnerships are at extreme risk of having to dispose of personal assess to fund the defence of potential legal claims or regulatory investigations if they arise.
This type of insurance can assist with the cost of defending and settling claims as well as paying the compensation the business might be liable for.