MANAGEMENT LIABILITY INSURANCE
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 regulatory authority investigation.
Management Liability insurance protects business owners against the financial exposures that come from managing or running a business protecting the financial wellbeing of both the company and the personal wealth of its directors and officers.
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.