Management liability insurance

Running a business or a charitable organisation can come with a lot of responsibility. So, our management liability portfolio can help with insurance to cover you financially against various risks.

Claims can be brought against the business entity (the legal structure of a business) or directly against company directors and trustees of non-profits. You might experience a health and safety investigation, or a former employee may accuse you of constructive dismissal.

Discover more about the five types of coverage within the management liability insurance portfolio and how they could protect your business.

Please contact us for a quote for types of management liability insurance: 

0808 2736 570 

Mon-Fri 9 am - 5 pm.

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We may be able to offer you cover based on your business sector.

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We may be able to offer you cover based on your business sector.

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Why you might need management liability insurance

Prospective employee grievance

You’re advertising a new PR executive role externally and internally. Once all shortlisted candidates have been interviewed, you finalise your decision with the help of HR. You then notify all candidates of the outcome.

Unfortunately, an unsuccessful candidate files a claim that they’d been discriminated against and deprived of a career opportunity.

This is where employment practices liability insurance from the management liability cover portfolio can help. The cover can support with awards and the legal costs of the claim and investigations.

A tax investigation

As the owner of a plumbing business, your team of plumbers visit multiple businesses and private homes each week. It’s busy work, but you regularly update your finances and business tax records.

However, HMRC contacts you to say there are discrepancies with payments and expenses claimed. Tax officials then launch an investigation.

By adding corporate legal liability insurance to your policy, you’ll have help with legal representation costs incurred because of the investigation.

Charity accusation of mismanagement

Being in a position of responsibility for a non-profit can be rewarding. However, it can also come with potential risks – personal claims for mismanagement being one of them.

So, when you are accused of mishandling charity funds, a negligence claim lands at your door.

Trustee liability insurance can help cover the cost of defending and settling the claim. This includes paying compensation.

How does management liability insurance work?

There is no individual policy called management liability insurance available at Hiscox. This is a management liability insurance portfolio that features five types of cover. These five insurance types deal with different claims relating to the management of an organisation.

Some management liability coverage is appropriate for not-for-profit organisations, while others suit for-profit companies.

For-profit companies can have:

  • Directors’ and officers’ insurance
  • Corporate legal liability insurance
  • Employment practices liability insurance.

Non-profit organisations can have:

  • Trustee liability insurance
  • Professional and legal liability insurance
  • Employment practices liability insurance.

Please note these management liability insurance policies are not available to buy online. Contact our customer services team if you have questions about how to purchase this cover.

You can get a quote and arrange cover by calling our insurance experts on 0808 2736 570 Monday to Friday between 9 am and 5 pm.

What management liability insurance is available