Directors’ and Officers’ liability insurance, or management liability insurance, is insurance cover that offers financial protection to those who are the director, partner or officer of a company. It is designed to cover the cost of claims for compensation made against the insured individual.  

Being a director, partner or officer of a company brings with it certain responsibilities – to employees, members of the public,investors and regulators. It also exposes the individuals holding the positions of director, partner or officer to personal liability for the actions or omissions they make in the performance of their company duties.

This means that they can personally be the subject of claims which could lead to the payment offines, compensation or imprisonment. 

Insured directors, partners or officers are protected against the cost of defending or settling: 

• a breach of duty or trust
• a health and safety or manslaughter claim
• negligence
• defamation
• wrongful trading under section 214 of the Insolvency Act 1986
• the operation or administration of a pension or employee benefit scheme pollution 

Additionally, these policies can be extended to includeprotection for claims as above made against the company. 

Furthermore, Employment Practice Liability can be included thereby protecting you against any claims for staff unfair dismissal, sexual gender or age harassment or discrimination. 

We will advise on the appropriate cover for your business.