PROTECTION FOR DIRECTORS AND OFFICERS
Management Liability Insurance protects the directors and officers, as well as senior managerial staff against claims arising from their actions and decisions in their official capacities. This includes damages awarded in civil courts and the potentially substantial defence costs if a director or officer faces criminal or regulatory charges.
Also known as Directors and Officers Liability Insurance, it covers the decisions made by people involved in managing and running an organization. There is also the option to include cover for securities claims brought against the company.