Why Management Liability insurance?
Today's business leaders face an ever-growing exposure to risks which could see them held personally liable for their management decisions, and at rrelentless, we know that even the best of intentions can have unexpected consequences for leadership teams.
No business is exempt from management risk, and the complex web of legal and regulatory requirements placed on business leaders is only growing. Changing employment legislation, increasing regulator numbers and actions, financial pressures and economic shifts all impact the decisions that business leaders make every day, and we understand it can be difficult to navigate – and that the consequences of getting it wrong can be severe, from impacting the company's bottom line to having personal wealth and assets targeted.
About this policy
The rrelentless Management Liability Policy has been designed to put prevention and proactive risk management at the heart. Our policy offers value not only when there is a claim, because it comes with access to a comprehensive suite of services from rradar - a specialist law firm and legal enterprise.
Designed to offer policyholders support to manage issues before they become claims, the embedded services from rradar ensures that the organisation has access to the resources and knowledge needed to navigate potential risks.
In addition, we offer a wide range of policy covers to protect against the risks that directors and officers face. From regulatory matters to health & safety incidents, our policy is equipped to respond to your needs in the event of a claim.
Further optional sections are also available under the policy, for example, to protect against employment matters; claims brought against the company; or financial loss as a result of criminal theft or fraud against the company by employees or third parties.
Who is this policy for and what does it cover?
Our Management Liability policy is available to companies based within England, Scotland, Wales, Northern Ireland, the Channel Islands and the Isle of Man.
Our Management Liability Insurance policy covers against:
Wrongful acts, errors
and omissions
Pensions trustee
liability
Legal costs, expenses
and civil damages
Regulatory
investigations
Contract
disputes
Intellectual property
defence and pursuit
Employment theft and
third-party fraud
Employment
claims
Civil fines
and penalties
Data protection
and GDPR
Pollution defence and
clean-up costs
Unique value proposition
Our management liability product has been designed to equip business leaders with the resources and tools to navigate modern business risks, backed up by a comprehensive suite of covers should a claim develop.
We are partnered with rradar to deliver these additional services to our policyholders. rradar are a specialist legal services provider, offering policyholders legally privileged access to legal and regulatory experts as well as 24/7 access to a number of online tools. These services are provided to all policyholders as standard, and include:
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Telephone and email legal advice service.
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Access to a range of legal and business risk management digital products.
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Legally privileged advice and guidance - all conversations are confidential and protected.
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24/7/365 out of hours crisis line in case of business crime and/or regulatory emergencies.
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Full UK-wide legal representation for claims and investigations.
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Legal and regulatory updates, newsletters and webinars.
Key features and benefits
Comprehensive Cover
Our policy offers a broad spectrum of covers to our clients including regulatory, pensions, health and safety, insolvency, contractual defence, pollution, and tax matters as standard. Our flexible product also offers policyholders the option to purchase additional cover for employment and other claims brought against the company, and even protection against financial losses as a result of employee or third-party crime against the business. Our cover is provided on an any one claim basis as standard and offers generous limits of up to £10m per section.
