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Management Liability is a class of insurance that offers businesses protection against a combination of liabilities comprising of Directors’ & Officers’ Liability, Employment Practices Liability and Fiduciary Liability. Typical claims against owners and their senior personnel include allegations of sexual harassment, wrongful termination, discrimination and mismanagement of funds.

Given the potential severity of these types of claims and the legal costs to defend them, Management Liability Insurance should be viewed as an essential risk management tool. Without it, the damage to your firm’s reputation and bottom line could be extensive if a claim is defended unsuccessfully.

For more information regarding Management Liability insurance or a quotation please contact Austbrokers SPT.