Bill Owen Insurance Brokers can assist you with your management liability insurance.

Management Liability Insurance

Many companies, their directors and senior managers unwittingly allow themselves and their personal assets to be exposed to litigation that is occurring more frequently than ever before.

Management Liability Insurance not only protects directors & managers for legal liability they may incur personally in managing a corporation, it also extends to the corporation itself for certain types of claims. The most common form of entity to which Management Liability Insurance is applicable is the proprietary company, no matter how small or large.

Directors & officers can be exposed to claims brought against them by:

  • Shareholders
  • Employees
  • Statutory bodies & Regulators
  • Competitors
  • Creditors
  • Clients
  • Liquidators/Administrators

What does Management Liability cover?

  • Damages and claimant costs awarded against you
  • Defense costs
  • Investigation costs
  • Civil fines and penalties incurred.

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