Management Liability Insurance is designed to protect you and the company against risks and exposures of operating and running the company. It specifically focuses on cover around mismanagement. It is a combined insurance product developed as a cost-effective solution for unlisted companies to purchase a number of covers in addition to the standard Directors & Officers cover.
Without adequate and appropriate levels of cover the company and its directors could be at risk of losing assets, personal assets and the business. Coverage is also extended to cover the legal costs of defending allegations of wrongful acts.