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Management Liability for Small Businesses

Management Liability for Small Businesses

A flexible solution offering Directors & Officers and added Employment Practice Liability and Crime cover.

What we offer

Comprehensive protection against claims for individuals and the company.

Protection for directors and officers, including the following coverages:

Limit of liability on an any one claim basis (up to £10m)
Regulatory and internal investigations
Data breach
Environmental claims
Health and safety claims
Insolvency hearings
Extradition, permanent residency and repatriation
Damage to reputation
Freezing of assets and disqualification
Full limit mitigation costs cover
Flexible retention levels

Protection for the company, including coverage for:

Limit of liability on an any one claim basis (up to £10m)
Costs of claims and awards incurred by the company
Payments made to indemnify individuals
Regulatory investigations
Employee theft
Kidnap response costs
Minimum retention of £2,500.

Employment practice liability:

Limit of liability on an any one claim basis (up to £5m)
Regulatory costs
Cyber bullying
Immigration assistance
Data breach
Sensitivity training
Joint venture loss
Third party claims
Standard retention of £5,000

Crime:

Limit of liability on an any one claim basis (up to £5m)
Forgery and counterfeiting
Fund transfer fraud
Physical loss of, or damage to, property
Extortion
Computer malware
Corporate identity fraud
Contractual penalties
Flexible retention levels.

Included as standard in our policies:

Website recovery
As part of our Directors & Officers policy, we iprovide its insureds access to the DOS Technical Support Service, provided by DOSarrest Internet Security Ltd. In the event that your computer systems and websites are impacted due to a third party denial of service attack this service will help get your website up and running again with the minimum of pain.

Executive replacement
Should an accident occur that prevents a senior manager from acting in this essential capacity, we will provide our Directors & Officers clients with access to a service that provides a £50k limit to fund the temporary appointment of a replacement.

Employment Practices helpline
All our Management Liability customers have access to our helpline providing guidance and advice on a wide range of employment subjects from disciplinary to grievance issues. This is provided by leading legal firm, DAC Beachcroft.

Access to Farillio
Our Management Liability customers have access to Farillio, an independent third party online platform that brings together leading UK subject-matter experts to offer support to our policyholders in running their businesses. Comprehensive, simple-to-follow digital recipes containing the practical and technical ingredients you need are available to you (including step-by-step video tutorials, infographics, checklists and hundreds of templates and guides), covering topics like MFA, GDPR, data management & privacy policies, employment & redundancy, funding, business planning, health & safety and more.

How can we help

Corporate governance reforms across the world in recent years have added significantly to the responsibilities of directors of companies. The legal landscape senior corporate individuals must navigate is therefore fraught - ensuring that they stay compliant with complex regulation is increasingly challenging.

They understandably look for robust insurance cover to protect them in the execution of their responsibilities, and we have designed a package of insurance to give directors and officers confidence that they have comprehensive protection against claims arising from their actions taken in corporate roles, supported by a range of additional services.

Who we can help

A wide range of private commercial organisations with an annual turnover of up to £350m can benefit from these covers.

For those organisations with an annual turnover in excess of £350m, we would be happy to discuss Beazley's market leading Management Liability and Cyber products designed specifically for larger businesses.

The coverage contained on this web page is not intended for financial institutions for which we have designed a separate suite of products specific to their needs.

WHERE IS THIS OFFERED?

Worldwide cover for UK domiciled organisations.

The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.