Management liability insurance covers the personal liability of your board and senior management for decisions made in running the business, including directors' and officers' cover. Directors can be held personally liable — including for their own assets — for alleged breaches of duty, even in a limited company.
Any company with a board — private, listed, or a charity with trustees — should consider management liability cover. Claims most often come from employees, HMRC, regulators, or insolvency practitioners, not just shareholders, which is why smaller and private companies are exposed too.
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