Management Liability Insurance
Business Insurance
CDC Insurance provide Management Liability Insurance to businesses & business owners based in Broadstairs, Kent or nation-wide.
A Management Liability Insurance policy will provide peace of mind to a business’ directors, officers, senior managers and others whose professional leadership roles expose them to scrutiny from shareholders, employees and even other parties.
With a management liability insurance policy, senior management within a company will have protection if they ever experience any legal trouble. Management liability insurance is a combination of three separate areas, bundled into one essential policy for limited companies:
- Corporate Legal Liability: This insurance type shields a company against allegations arising from wrongful actions, encompassing scenarios such as contract breaches, copyright infringements, or violations of other intellectual property rights.
- Employment practice liability: This type of cover protects your business from claims made by your employees.
- Directors and officers liability: This covers the cost of compensation claims made against your business’s directors and officers if accused of any wrongdoing. Wrongdoings include; breach of trust, error, misleading statements, wrongful trading, breach of duty or even neglect.
Management Liability Insurance Exclusions
With a management liability insurance policy there are conduct exclusions that won’t count towards it’s cover:
- Loss or damage related to criminal or fraudulent conduct
- Loss or damage caused by illegal profits that the insured party is was not legally entitled to
Does my business need Management Liability Insurance?
Management liability insurance protects your business from many different risks. However, some types of businesses may not need a policy.
- Sole Traders: MLI is unnecessary for this type of setup since they are personally liable for their business activities.
- Small Family Businesses: Small businesses, particularly those family-run with no external employees, have minimal risk of claims against management.
- Non-Employing Businesses: If a business does not employ staff and is operated by a single owner, there is no need for MLI.
Get a quote for a management liability insurance policy
Fill out the form below and our team will get in touch with you shortly regarding your free management liability insurance quote. Alternatively, email us via enquiries@cdc-insurance.co.uk or call us on 01843 861251.
Frequently Asked Questions
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What is Management Liability Cover?
Unforeseen circumstances can often arise, especially within the dynamic landscape of business operations. These potential risks and liabilities can be posed to the management team.
