Management Liability (ML) Insurance will protect Directors and Officers as well as the
Company against a allegations of wrongful acts committed in the management of the company.
Businesses operate within a regulatory and legal environment which places obligation and responsibilities on the Directors and Officers of the business. In carrying out their duties and making decisions, Directors and Officers may be scrutinized for their actions – which could lead to alleged claims of negligence/wrong doing/ or misuse of power or inadequate personal accountability.
ML policies pays for losses resulting from claims, fines and penalties, costs of legal representation and legal fees for defending claims, settlements and paying compensations the business maybe liable for.