Management Liability

Our Management Liability suite of products includes a range of covers for personal and business-related liabilities faced by directors, officers, managers, supervisors and other key individuals in the course of their roles.

Our D&O Corporate Directors’ and Officers’ Liability policy provides cover for personal and other ;liabilities that directors, officers, supervisors, managers and other key employees may face in relation to running a business.

Cover features and highlights

• Limits of liability up to £10 million
• Extends to reimburse the company in situations where they are allowed to pay directors’ and officers’ defence costs
• Includes cover for claims instigated by a shareholder against any director or officer
• Covers legal representation at any proceeding subject to our written consent
• Cover is specifically extended to include: civil costs and bail bonds sub-limit; extradition costs; non-executive director additional limits; reputational recovery costs

Employment Practices Liability Insurance (EPLI) provides cover for your clients against some of the financial risks involved in employment-related claims, for example, claims concerning harassment, discrimination, wrongful termination of contract, or non-compliance with data protection laws.

Cover features and highlights

• Indemnity limit up to £5 million
• Global cover for the policyholder, subsidiaries, pension plans, directors, officers and employees
• Cover for fees, expenses, compensation and punitive damages arising from a wrongful employment act, alleged or otherwise
• Cover for insured persons acting as outside directors in associated companies

Our Pension Trustees’ Liability Insurance provides cover for the personal liabilities of trustees of a company’s pension plan, for claims brought by beneficiaries, regulatory authorities or other parties.

By 2040, there are expected to be more than 17 million people in the UK aged 65 or over (up from less than 14 million in 2024). This will put more responsibility on trustees as they deal with the associated liabilities of a pension. These liabilities can continue long after a pension scheme has been wound up, meaning they won’t have access to the scheme to meet those liabilities.

We offer solutions to protect trustees beyond the fixed-term period, and we will consider all risks and industries on a bespoke basis, no matter how big or small. Our experienced underwriters can help provide the right solutions for trustees.

Cover features and highlights

• Extends to reimburse the sponsoring employer in situations where they are allowed to pay trustees’ awards and defence costs
• Extends to reimburse the sponsoring employer where claims are made against them
• Indemnity limit up to £5 million
• Automatic cover for additional pension schemes
• Extended reporting cover provided in the event of non-renewal
• Cover automatically applies for prior acts in the event of the winding up of the pension plan
• Cover provided for retired trustees for up to one year
• Pollution cover defence costs included up to £100,000
• Cover for awards made by the Financial Ombudsman Service and awards made by The Pensions Regulator
• Cover can also be extended to include clerical error to protect trustees against claims of incorrect data leading to unsecured benefits