Backdating claim director face insurers officer

Kidnap & Ransom: Covers the company for any direct loss and expenses associated with Kidnapping, Extortion Threat or Cyber Extortion..Management Liability premiums are determined by your Occupation, Employee numbers and Turnover and all insurers charge a minimum premium in this regard.We believe we have negotiated highly competitive Management Liability premiums, and will continue to monitor premium levels available in the market to ensure this remains the case.

Management Liability Insurance covers both the company and its directors in this regard.

The key elements to the cover are as follows: Employment: Covers the Company for claims alleging an Employment breach including bullying, wrongful dismissal, discrimination, harassment, deprivation of career opportunity, breach of contract etc.

Crime Fidelity: Covers direct financial loss caused by dishonest acts resulting in Loss of Money, Securities or other Tangible Property owned by the Company or in their care custody & control or for which the Company is legally liable.

Statutory Liability Covers penalties which an organisation is required to pay by reason of an order of any Regulatory Authority such as those arising from Occupational Health and Safety breaches.

Company Cover: Covers the Company for a claim against the entity alleging wrongful acts.

Directors & Officers: Covers the Directors & Officers for any claim alleging a Wrongful Act (negligence, breach of duty, misrepresentation) by a Director or Officer.

Internet Liability: Covers the company for claim arising from display or use of matter on their internet site, or transmission of matter via their internet site.

The exposures associated with managing a business are far and wide.

Whilst companies tend to insure the tangible exposures of property damage, business interruption and bodily injury, they often completely overlook "management risk", thus exposing their company and its directors to fund the defence of personal and corporate actions from numerous stakeholders including Shareholders, Employees, Competitors, Creditors, Regulators, Customers, or Liquidators and Administrators.

Whether you are a director of a private company or a publicly listed company, Directors and Officers have the same governance & regulatory exposures.

In the current economic environment, not only do companies and their directors face increasing regulatory surveillance of their business activities, but the risk of employee claims such as unfair dismissal is heightened.

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