Management Liability Insurance
Management Liability Insurance (for private companies and associations)
Management liability insurance protects the company, the individual directors and its officers who undertake management roles within the business, against the risks and exposures of running the company (i.e. your liability for mismanagement).
Without adequate management liability protection you could risk losing, not only your business, but also your personal assets. Management liability insurance protects you personally and therefore your wealth and lifestyle. The legal costs to defend allegations of wrongful acts alone can be financially crippling for businesses and individuals.
Coverforce Leed Insurance Brokers offers the following special coverage features available to private companies and associations:
- 100% allocation of Defence costs
- Cover for private equity raisings
- Worldwide cover
- Comprehensive Crime cover
- Protected limit of liability for the Company’s Executives
Directors and Officers Insurance (for public & private companies and IPO’s)
Directors and Officers (D&O) Insurance has become closely associated with broader management liability insurance. However the important difference is that D&O Insurance provides your company’s officers and board of directors with personal liability and financial loss protection if they are found in breach – or allegedly in breach – of their responsibilities and duties as directors and officers.
Coverforce Leed Insurance Brokers will help you source the most appropriate policy that fits with your business, by working closely with you to identify your corporate and personal exposures to liability. After assessing your risk we develop a program of optimised cover that incorporates risk mitigation recommendations as well as the broad D&O Insurance coverage available.
Although your company is legally permitted to cover personal liability costs resulting from an executive’s activities, in some cases the financial liability is the sole responsibility of that executive. D&O Insurance fills these gaps, protecting personal assets.
For more details about Management Liability Insurance and Directors and Officers Insurance from our Perth insurance brokers, get in touch with us today.