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Do I really need cover for Management Liability?

Lots of directors, whether their businesses are big and small, feel like they’re not at risk of a claim being made against them and that Management Liability insurance isn’t something they need.

These claims are more likely to arise during a time of high inflation and high cost of living – when the economy is under pressure. And if a claim occurs, it could have greater impact on you and your business. Allegations can come from disgruntled employees, shareholders, creditors, customer, competitors and even regulators including HSE and HMRC! Even the strongest relationships in business cannot prevent a claim.

A typical reason we hear from businesses who don’t think they’re at risk is that they’re not publicly listed.

Private companies are equally as likely to face a claim. They don’t necessarily have the same internal resources as public companies and are therefore more vulnerable when a claim against them is made.

Management Liability protects you, your directors and officers and balance sheet, and ensures support is on hand when a claim against you is made. Speak with one of our specialists today, call us now on 01352 721300.

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