Management Liability Insurance
Running a business comes with responsibilities. Management liability insurance can help protect your company, directors and officers against certain claims arising from the management of the business.
.jpg)
1200+
Businesses covered
250+
Referral partners
98%
Retention rate
What is Management Liability Insurance?
Management liability insurance is designed to protect businesses and their directors, officers and managers against certain risks associated with running and managing a company.
A management liability policy can bring together several areas of protection, including directors and officers liability, employment practices liability, statutory liability, crime and company liability. The cover provided varies between insurers and policies.
Surety Risk Solutions takes the time to understand your business structure, employees, management responsibilities and regulatory exposures before helping you arrange management liability cover suited to your circumstances.
Protection for the Risks That Come With Managing a Business
Directors and business owners can face allegations, investigations and disputes arising from decisions made in the course of running a company. Management liability insurance can provide protection across several important areas.
Directors & Officers Liability
Protection for directors and officers against certain claims alleging wrongful acts arising from their management decisions, duties and responsibilities.
Employment Practices Liability
Cover can respond to certain employment-related claims involving allegations such as unfair dismissal, discrimination, harassment and other workplace matters.
Statutory Liability
Depending on the policy, cover may be available for certain legal costs and legally insurable fines or penalties arising from breaches of legislation.
Crime & Company Liability
Policies may include protection for certain losses arising from employee crime as well as claims made directly against the company, subject to the policy terms.
.webp)
Protection for Businesses & the People Who Run Them
Management liability isn't only relevant to large corporations. Privately owned and growing businesses can face employment disputes, regulatory investigations and allegations against directors and managers.
Private Companies
For privately owned businesses whose directors and officers are responsible for making decisions and managing the company's affairs.
Businesses With Employees
For employers exposed to workplace issues and potential employment practices claims arising from managing staff.
Growing Businesses
For businesses becoming more complex as they add employees, managers, locations, contracts and additional regulatory responsibilities.
Directors & Business Owners
or the people responsible for managing a company who may face personal allegations or legal costs arising from decisions made in their role.
Let's Start the Conversation.
Whether you're a business looking for commercial insurance or an adviser looking to broaden what you offer, the first step is the same. Tell us a little about the situation and we'll put you with the right specialist.
.jpg)
A Considered Approach to Management Liability
Management risks differ significantly between businesses. We look at the company, its people and its exposures before considering the insurance options available.
01. Understand Your Business
We start by understanding your company structure, industry, turnover, employees, directors and how the business operates.
02. Identify Management Exposures
We consider employment practices, regulatory obligations, previous claims or circumstances and other risks associated with managing the business.
03. Approach the Insurance Market
Surety Risk Solutions approaches suitable insurers and underwriting agencies and considers available sections, limits, excesses, conditions and exclusions.
04. Explain Your Options
We explain the different areas of protection and important policy terms so you can understand what is being offered and make an informed decision.
Why Surety Risk Solutions?
Management liability combines several different areas of insurance within one policy. Understanding those individual sections is important when considering whether the protection is appropriate for your business.
We Look at the Whole Business
We take the time to understand your directors, employees, operations and regulatory environment rather than treating management liability as a standard package.
We Understand the Different Covers
Directors and officers, employment practices, statutory liability, crime and company liability protect against different exposures. We help you understand how those sections work together.
We Look Beyond the Headline Limit
Sub-limits, excesses, exclusions and policy definitions can significantly affect the protection provided. We help you consider these features when comparing options.
Support When an Issue Arises
Management liability matters can involve allegations or investigations before a formal claim is made. We can help you understand the notification process and work with you as the matter progresses.
Your Questions, Answered
Understanding your insurance options can feel complex. Explore answers to some frequently asked questions about cover, costs and what to expect when arranging insurance with Surety Risk Solutions.
What is management liability insurance?
Management liability insurance is designed to protect a business and its directors, officers and managers against certain risks associated with managing a company. It can combine several areas of cover within one policy.
What does management liability insurance cover?
Depending on the policy, management liability can include directors and officers liability, employment practices liability, statutory liability, crime and company liability. The scope varies between insurers, so understanding the individual sections is important.
What is the difference between management liability and directors and officers' insurance?
Directors and officers insurance primarily protects directors and officers against certain claims arising from their management decisions and responsibilities. Management liability is generally broader and can combine D&O cover with protection for the company and other management-related exposures.
Does management liability insurance cover employment disputes?
Many management liability policies include employment practices liability, which can respond to certain claims involving allegations such as unfair dismissal, discrimination, harassment or other employment-related matters. Cover varies significantly between policies.
Can management liability insurance cover regulatory investigations?
Some policies can provide cover for certain legal and representation costs associated with regulatory investigations. Exactly what investigations and costs are covered will depend on the policy wording.
Does management liability insurance cover fines and penalties?
Some policies provide cover for certain legally insurable fines and penalties, subject to the policy wording and applicable law. Not every fine or penalty can be insured, so this should never be assumed.
Do small businesses need management liability insurance?
Small and privately owned businesses can still face employment disputes, regulatory investigations, allegations against directors and other management-related claims. The decision should be based on the exposures of the business rather than simply its size.
How much management liability insurance does my business need?
This depends on factors such as the size of the business, number of employees and directors, industry, regulatory exposure and potential cost of defending a claim. Your broker can help assess these exposures when considering an appropriate limit.
Still have questions?
Every situation is different, and you may need guidance specific to your circumstances. Speak with Surety Risk Solutions for clear, practical answers and help exploring suitable insurance options.
Let's Start the Conversation.
Whether you're a business looking for commercial insurance or an adviser looking to broaden what you offer, the first step is the same. Tell us a little about the situation and we'll put you with the right specialist.