Management Liability Cover – get protected

Lawsuits are increasingly common in the United Kingdom as a result of the growth of ‘no win, no fee’ legal services. This means that every business decision you make could expose you and your business to the risk of expensive claims and legal costs.

So make sure you have cover in place that will protect your business and personal assets from the financial consequences of claims and legal action.

Our management liability cover, underwritten by AXA Insurance, is there to protect you and your business by:

  • Covering legal costs and awards.
  • Covering the costs of regulatory claims and investigations.
  • Providing free advice through a legal, employment and regulatory helpline.
  • Offering a no limit policy on the number of claims you can make.

Cover Details

AXA’s management liability policy is suitable for any UK registered private limited company excluding those in the legal sector, professional football or rugby clubs or financial services sector.

The policy provides cover for:

Directors and Officers Liability

This covers you for your personal liability for any decisions you make in your capacity as a director. It:

  • Will cover the legal costs, awards and settlements for any claim or regulatory action brought against any past, present or future directors, officers or employees.
  • Will cover the legal costs of representing any director, officer or employee at an official investigation.
  • Automatically gives cover on the same terms for all subsidiary companies including any subsidiaries bought during the period of insurance.
  • Includes claims brought in any jurisdiction other than USA. (USA cover is available on request.)
  • Will cover claims against directors, officers or employees caused by the operation or administration of any pension scheme, employee benefit scheme or trust fund.
  • Will cover claims against directors for 10 years following retirement during the period of insurance.
  • Will cover claims caused by a failed public offering.
  • Automatically includes 30 days cover on the same terms following a management buy-out.

Employment Practices Liability

This covers you for employment claims including wrongful dismissal, discrimination and harassment claims, whether from employees or third parties. It:

  • Will cover legal costs, awards and settlements for any employment claims brought against you or any past, present or future directors, officers or employees.
  • Will cover Legal costs of representing any director, officer or employee at an official employment investigation.
  • Automatically includes all subsidiary companies including any subsidiaries acquired during the period of insurance.
  • Will cover claims arising from breaches of TUPE (transfer of undertakings protection of employment) legislation.
  • Automatically includes 30 days cover on the same terms following a management buy-out.

Company Legal Liability

This covers your organisation for claims from shareholders, investors, regulators and other third parties. It:

  • Will cover legal costs, awards and settlements for any claim or regulatory action brought against you.
  • Will cover legal costs of representing you at an investigation.
  • Automatically gives cover on the same terms to all subsidiary companies including any subsidiaries bought during the period of insurance.
  • Will cover claims against your business caused by the operation or administration of any pension or employee benefit scheme.
  • Will cover up to £100,000 for all claims in each period of insurance for loss to your business due to employee dishonesty or third party funds fraud.
  • Will cover claims caused by a failed public offering.
  • Automatically includes 30 days cover on the same terms following a management buy-out.
  • Will cover claims caused by a breach of professional duty (charities, clubs and associations only).

 

What to expect from JSW Insurance

  • Save money on your premium
  • Support & help if you need to make a claim
  • Save time as we ‘shop the market’ for you
  • Quick & reliable responses to any queries
  • Expert advice on hand
  • Local, experienced team