Management Liability Insurance Policy features coverage and benefits to address the serious risks confronting private companies and their management teams.

This policy is divided into seven modules that include six coverage sections each with their own limit, subject to a policy maximum limit of liability.

Directors and Officers Liability

• Provides cover for claims against directors and officers for any actual or alleged wrongful acts in the performance of their duties
• Cyber Privacy & Confidentiality extension
• Unlimited Run-off cover for retired directors and officers
• Full limit for investigation and pre-investigation costs
• No pollution exclusion for directors and officer liability section

Corporate Legal Liability (entity cover)

• Provides cover for claims against the company for any actual or alleged wrongful acts
• Specific public relations expenses extension
• Breach of contract defence costs extension
• Tax audit expenses extension

Statutory Liability

• Provides cover for investigations, defence and possible penalties that may be awarded for a statutory breach
• Emergency defence costs extension
• Work health and safety extension

Employment Practices Liability

• Provides cover for actual or alleged employment related wrongful acts by or against employees
• Contractual liability defence costs extension
• Broad definition of employment related wrongful act
• Worldwide cover excluding USA & Canada

Employee Dishonesty 

• Provides cover for direct financial loss to the company resulting from a fraudulent or dishonest act of an employee
• Full limit for investigator costs to determine direct financial loss
• Worldwide cover excluding USA & Canada

Kidnap & Extortion 

• Provides cover for loss arising from kidnapping, hijacking, wrongful detention, extortion, cyber extortion and political threat 
• Broad definition of insured person and loss
• Cyber extortion expense cover for threats made against the company