Directors & Officers
Selected protection for individual directors and officers facing allegations connected with management decisions.
Management Liability
Protection for the decisions behind the engineering business.
Selected cover for claims and investigations involving directors, officers, the company, employment practices, statutory obligations and crime.
Not sure whether Management Liability is relevant?Ask for information before completing a full quote form.
Management risk
Running the company creates risks beyond professional advice.
Directors and managers make decisions about people, finances, contracts, compliance and business strategy. Management Liability can combine several cover sections addressing selected allegations arising from those responsibilities.
- Claims against directors and officers
- Selected claims against the corporate entity
- Employment-practices allegations
- Regulatory investigations and statutory liability
- Employee or third-party crime, where included
- Legal and investigation costs for covered matters
Business profile
What shapes the management exposure?
The insurer will consider ownership, workforce, financial position, operating jurisdictions and the history of the business.
01Turnover, assets and financial condition
02Number of employees and workforce structure
03Contractors, labour hire and workplace arrangements
04Ownership, subsidiaries and related entities
05Overseas operations and regulatory jurisdictions
06Acquisitions, restructures and planned redundancies
07Previous employment, regulatory or management claims
08Internal controls, delegations and financial oversight
Potential cover sections
Different management claims need different responses.
Employment Practices Liability
Selected claims involving dismissal, discrimination, harassment and other workplace allegations.
Statutory Liability
Selected investigation and defence costs arising from alleged breaches of certain statutes, subject to law and wording.
Crime cover
Selected direct financial loss caused by defined employee or third-party dishonesty, where included.
Management Liability policies differ substantially. Cover sections, insured persons, sub-limits, exclusions and the legal insurability of penalties must all be checked.
Important boundaries
It does not replace the rest of the insurance program.
Management Liability addresses selected management and corporate exposures. Other policies remain important for different types of loss.
- Professional-service allegations generally belong under Professional Indemnity
- Cyber incidents and data restoration may require dedicated cyber cover
- Third-party injury or property damage generally sits with liability cover
- Employee injury is generally addressed through workers compensation arrangements
- Deliberate dishonest conduct and personal profit may be excluded
- Known circumstances and prior claims must be disclosed
- Some fines and penalties cannot legally be insured
Related guide
Workforce structure can change the insurance picture.
Our Help Centre explains how engaging contractors rather than employees can affect an engineering firm’s insurance responsibilities and risk profile.
Preparing a request
Information that helps shape the terms.
Company details
Ownership, directors, subsidiaries, locations and any overseas entities or operations.
Workforce profile
Employee numbers, contractors, workplace policies and any planned structural changes.
Financial position
Turnover, assets, profitability and any material solvency or funding considerations.
Claims and circumstances
Previous or threatened employment, regulatory, crime and management-related matters.
Useful guides
Read further on the risks around company leadership.
Management liability risks for engineering businesses
Cyber risks particularly relevant to engineering firms
When an engineering consultancy may need Public Liability
More insurance guides for engineering businesses
Common questions
Management Liability, explained clearly.
Size alone does not remove the exposure. Businesses with directors, employees, contractors, statutory obligations or financial controls may face management-related claims and investigations.
Professional Indemnity focuses on professional advice and services. Management Liability addresses selected allegations arising from running and governing the company, including employment and regulatory matters.
Employment Practices Liability sections may respond to selected allegations such as unfair dismissal, discrimination or harassment, subject to the wording, jurisdiction, excess and exclusions.
Cover varies, and some penalties cannot legally be insured. A policy may provide selected investigation and defence costs even where a penalty itself is not covered.
Policies generally do not cover matters already known before inception. Disclose threatened claims, complaints, investigations, employment disputes and other circumstances fully when seeking terms.
Next step
Review the risks involved in managing your engineering business.
Tell us about the company structure, workforce, financial profile and the cover sections you want to explore.
A simpler first step
Not ready for a quote? Start a conversation.
Start a conversation
Request information or a callback.
Tell us what you need and how you would like us to respond. There is no need to complete a full proposal form.
Concept only—the production version will use a short Gravity Form and notify the team.