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Why You Need Management Liability Insurance as a Company Leader

If you are a company director or senior manager, you may believe your position protects you from personal liability. But you are still vulnerable to legal risks that could damage your assets and reputation. That's why you need management liability insurance to shield yourself and avoid having to fund expensive litigation costs.


What is Management Liability Insurance?


Management liability insurance covers defense costs if you are accused of 'wrongful acts' on the job. Wrongful acts include negligence, errors, misleading statements and more.


Who Can Sue You?


Shareholders, employees, customers, suppliers, creditors, regulators, competitors, the public - anyone harmed by your alleged mismanagement could sue you personally. For example, you could face claims of discrimination, contract breach, unfair competition, defamation, and so on.


What Are the Consequences?


A claim could mean steep legal fees, heavy financial losses, reputation damage, emotional stress, disqualification or even jail time. Management liability insurance can help by covering costs, losses, legal support, PR assistance and giving you peace of mind.


How to Get Management Liability Insurance


Work with Keep Insurance Brokers to find the right policy for your budget and needs. Compare terms like cover specification, policy limits, excesses, retroactive dates and extended reporting periods. This insurance is crucial for every leader, so get covered today and protect your future.



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