Management Liability

56 Views
Assurex Global Exclusive Business Risks

Your ideal Management Liability Partner

When it comes to Management Liability insurance, you need a partner who can deliver flexible, made-to-measure protection for your business and your senior employees. When you choose us as your risk and insurance adviser, you gain access to a dedicated specialist team with a wealth of experience and strong insurer relationships. You’ll also benefit from our extensive servicing capabilities around the world. You’ll be in good company. We work with clients of all types and sizes, from established corporations with complex multinational needs, to innovative start-ups with a thirst to grow.

Your directors, officers and senior managers can count on us for effective D&O insurance protection and practical help navigating today’s increasingly stringent regulatory environment. With us, you can be sure of a Management Liability insurance programme that’s tailored to fit your risk exposures as they evolve. Our Partners are privately owned, with no external stakeholders to please, so we can focus fully on your needs, whilst delivering industry-leading service.

Our Core Offerings

Directors and Officers (D&O)

D&O insurance protects directors, officers and other senior employees against costs arising from claims made against them in relation to acts they are alleged to have committed while acting in their official capacities – typically resulting from an error, omission, or breach of duty.The cover provided by a D&O policy can be broken down into three sides:
- Side A covers losses sustained by Insured Persons where they have not been indemnified by the company. Typically, no retention applies to these claims
- Side B covers the company where it has indemnified an Insured Person. This is a balance sheet loss, so a policy retention will apply
- Side C covers the company itself where claims are brought against it, but only for securities claims.

Commercial Crime

Commercial Crime policies cover a policyholder’s direct financial loss as a result of the theft of money, property, or securities that belong to the company or are in the company’s custody or control. They cover both internal and external threats, including impersonation fraud, social engineering, and embezzlement. They can also cover expenses related to proving a crime loss.

Employment Practices Liability (EPL)

Employment Practices Liability insurance protects a company, its managers, and its employees against the financial risk that results from employment-related claims. EPL insurance can respond to allegations of, for example, harassment or sexual harassment, emotional distress, discrimination, negligence, refusal of promotion, or unfair dismissal. Along with defence costs, an EPL policy can also cover fees, expenses, and compensation awards, including punitive damages (where insurable by law) that arise from alleged or actual wrongful employment acts.

What we bring to your business::

Bespoke advice on the implications of any scenario, based on extensive first-hand experience across a huge range of risks
Our strong relationships with key insurers, mean we can get you the best possible terms – and quickly resolve any coverage or claims issues
Exclusive coverage forms for D&O and Commercial Crime insurance tailored to your individual needs, with broad coverage and limited exclusions

Ready to get started? Let’s Talk.

Get in touch with an expert today.