Management Liability

Management liability

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Nick McGarey

Focus Group Leader - International PE E-Trading

Directors & Officers with the option to add Employment Practice Liability and/or Crime insurance.

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. Beazley has designed clear insurance to give directors and officers confidence that they have comprehensive protection against claims arising from their actions taken in corporate roles.

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.

As part of our directors and officers policy, Beazley is pleased to provide 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.

Included in our directors and officers cover. Should an accident occur that prevents a senior manager from acting in this essential capacity, Beazley will provide access to a service which will provide a £50k limit to fund the temporary appointment of a replacement.

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, Clyde & Co.

Introducing an innovative package that combines directors & officers with employment practice and crime cover

Beazley directors & officers customers have the option to add crime and/or employment practice liability cover to create a seamless package.

Vertrauensschaden

Deckungssumme pro Einzelfall bis zu 10 Mio. EUR
Verlust eigener & fremder Betriebs- und Geschäftsgeheimnisse
Betrug durch gefälschte Zahlungsmittel
Social Engineering Fraud
Unterschlagung nach irrtümlicher Übertragung von Sachvermögen
Kosten einer Datenschutzverletzung
Kosten aufgrund eines Corporate Identity Betrugs

These products are available on our myBeazley platform, which provides brokers with the ability to quote, buy and service a range of specialist insurance products for their clients at the touch of a button.

By combining Beazley's expertise in specialist insurance with the simplicity of an award winning system, we have created a trading platform that is intuitive and easy to use.

Find out more

Target market

A wide range of private commercial organisations with an annual turnover of up to £350m can benefit from these covers on the myBeazley e-trading system. For those organisations with an annual turnover in excess of £350m, we would be pleased 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.