What is Management Liability Insurance?
Management Liability Insurance is split into three main parts, Directors and Officers insurance, Corporate Legal Insurance and Employment Practices Liability Insurance. These covers will provide essential protection against the financial costs of claims being made. If there is a time where the company is required to indemnify the Directors and legal entity, this insurance will cover the potential losses.
Directors and Officers Insurance will provide essential protection against the financial costs of claims being made where you are deemed personally liable. If there is a time where the company is required to indemnify the Directors, this insurance will cover the losses made by the company.
Directors and Officers are legally required to act in good faith within the law and have a duty to act in the best interests of the company, and above your personal interests, and this includes a further responsibility to ensure that other directors do likewise. If you do not, you face fines, imprisonment and compensation for damages that could involve the seizure of your personal assets, such as your home, car, properties, savings.
It is not just directors that face claims, as company officers and senior managers can also be held personally liable for their actions and many do not even realise that they could have to defend themselves from legal action. Directors and Officers Insurance will provide peace of mind in knowing that you will be able to defend yourself if the situation should arise
“DPI are always on hand to discuss insurance matters at length and are quick in assessing the complexity of issues enabling them to provide sound advice and guidance, often out of hours. I have never felt that their advice or service was compromised by budgetary constraints. We recently had a devastating fire which totally destroyed our main woodworking manufacturing facility. Our account manager was on site within a day and remained on hand to guide us throughout the complex claim process which has proved invaluable. I can, without reservation, say that DPI’s advice and service provide us with essential protection which will compliment and add value to any business or individual.” – Leonard Pitt, Shellen Construction Limited
Why choose DPI for your Management Liability Insurance?
Ongoing friendly customer service and advice year after year, at an average service rating of 4.9 out of 5 from over 240 reviews.
We have built up a large client base with our panel of A rated insurers and this relationship provides us with preferential rates on all our insurance quotes.
We conduct a detailed fact-find to understand all aspects of your business enabling a policy to be bespoke to your requirements.
DPI are part of the Purple Partnership and with this specialist partnership we have additional cover to some of our policies with selected insurers.