Management Protection
Insurance

Management Protection Insurance for company Directors and Officers

Management Protection Insurance is not a replacement for professional indemnity Insurance and is concerned with your actions and decisions taken in the running of your company itself. It does not provide cover in regards to the services you provide to your customers and any errors or omissions made in the work you produce for your clients.

There are three parts to a Management Protection Insurance policy:

• Directors’ & Officers’ Liability (D&O) Cover
• Corporate (Entity) Liability Cover
• Employment Practices Liability Cover

Directors’ & Officers’ Liability (D&O)

The core Directors’ & Officers’ insurance provides liability cover for company directors, managers and officers to protect them from claims for civil and criminal actions which may arise from the decisions and actions taken within the scope of their regular duties.

Corporate (Entity) Liability

A basic Directors’ and Officers’ policy will only consider claims where the action is being made directly against a director of the company and it will not operate where the action is being taken against the company. Corporate Liability cover will activate where claims are being made against the company as opposed to the individual directors, managers and officers.

Employment Practices Liability

This provides cover in respect of claims being brought by employees against either the Limited Company or any of its Directors. A good example of this is where an ex-employee takes the company to an employment tribunal for unfair dismissal.