BUSINESS INSURANCE • BURNLEY & BEYOND
Running a company brings responsibilities to employees, shareholders and other parties. Management liability insurance can address selected claims connected with management decisions. Talk to us about the organisation and the people whose roles need to be considered.
Tell us what your business does, what has changed and when you need cover.
Call 01282 348494 or use the quote link to contact our team.
A claim about running the company is different from a claim about a product or a professional service. Explain your ownership structure, directors, employee numbers and any planned changes. Our Burnley team can discuss the sections available and who they are intended to protect.
Discuss allegations of wrongful acts connected with a director’s or officer’s role. Who qualifies as an insured person and how defence costs are treated need to be checked.
Ask whether cover for the organisation itself is available and which allegations it addresses. It should not be assumed to duplicate the protection for individual directors.
Raise the potential for covered employment-related allegations and the support available. This is a different discussion from employers’ liability for injury or illness.
A restructure, acquisition or significant change in staff numbers is a useful point to review the policy. Explain the proposed change and any known issues before it happens. Keep the insurer informed in line with the policy’s requirements.
No. Professional indemnity concerns insured professional services; management liability focuses on specified management exposures. A business may need to discuss both.
The company’s structure does not answer every question about directors’ or officers’ exposure. Describe the roles and responsibilities involved so suitable options can be discussed.
No. Cover is subject to the selected sections, exclusions and applicable law. Ask about the particular concern rather than assuming every proceeding or penalty is insured.
Explore the questions to raise alongside your management liability insurance review.
Explore the questions to raise alongside your management liability insurance review.
Own a let property or commercial building? Property Owners Insurance is a core strength at Umbrella. For the wider range, visit our business insurance guide.
HERE WHEN YOU NEED US
Share your business details, current cover and renewal date. We’ll help you prepare a useful enquiry.
Cover is subject to insurer acceptance, policy terms, conditions, limits and exclusions. We’ll explain the options available for your circumstances.