23/11/2025
Management Liability Insurance
Directors and Officers Insurance is one of the most (if not the most) important insurance product to have and yet it’s also the most misunderstood, we have therefore provided information for what the insurance product is designed for:
Directors have two main responsibilities: - Fiduciary & - Care and Diligence acting in the best interests of the company and not pursing personal profit and acting within the limits set out by Company’s Articles of Association (Companies Act 2006) and managing conflicts of interest.
The desirability of the company, maintaining a reputation for high standards of business conduct and to act fairly between members of the company and associates.
As a director, your own personal liability is unlimited e.g., this includes your house, car and other assets. Therefore, if a claimant alleges a breach (regardless of whether valid or not), this insurance will defend and make any necessary settlement on your behalf.
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