Why do clients need Management Liability cover?
Claims can be made against a business, its directors or senior decision-makers.
Management liability insurance can help in situations where
- Directors or officers are personally pursued for decisions made in their role
- Claims are brought by employees, regulators, shareholders, customers or other third parties
- Legal defence costs are incurred, even when allegations are unfounded
- Employment, governance, ESG (Environmental, Social, and Governance) or crisis-related issues create financial or reputational pressure
- Pension trustee or employee dishonesty exposures apply
- Responsibility continues after a director or officer retires or leaves the business
Why choose Aviva's Management Liability cover?
There are five sections to this suite of covers: Directors & Officers Liability (core cover), Corporate Legal Liability (optional), Employment Practices Liability (optional), Pension Trustee Liability (core cover)* and Employee Dishonesty (core cover)*.
*Subject to policy terms and limits, a £25,000 limit is offered as standard at no extra charge
Directors and Officers Liability
- Separate, dedicated limits for board‑level claims and ESG‑related claims
- Unlimited run-off for retired individuals
- Any-one-claim basis as standard
- Legal protection where individuals are personally pursued for alleged wrongful acts
- Cover for allegations brought by shareholders, employees, customers or other third parties
Corporate Legal Liability
- Any-one-claim basis as standard
- Environmental investigation costs extension
- Corporate manslaughter defence costs
- Provides legal defence costs where the company faces an alleged corporate wrongful act
- Covers the financial consequences of a wide range of claims made against the company
Employment Practices Liability
- Any-one-claim basis as standard
- Broad definition of employment wrongful act
- Training and development post-judgment costs
- Covers employment-related claims such as discrimination, harassment and unfair dismissal
- Extends protection across claims arising from the company’s employment practices and decisions
Pension Trustee Liability
Cover for trustees and the business against claims arising from the management of pension and benefit schemes.
- £25,000 limit offered as standard (no extra charge)
- Mitigation costs
- Unlimited retired insured persons cover
- Service provider pursuit costs
- Provides protection against allegations of breach of trustee duties
Employee Dishonesty
Covers business against direct financial loss caused by theft, fraud or dishonest acts committed by employees or by third parties acting in collusion with an employee.
- £25,000 limit offered as standard (no extra charge)
- Includes employee collusion with external parties
- Assessment Costs included
- Care, Custody and Control cover included
- Crisis and Reputation Costs included
Restrictions, exclusions and limitations apply. Please see policy documents for more details.
Don't see the cover you need?
For larger organisations or clients with specialist requirements, our Global, Corporate & Specialty (GCS) team offers a wider range of solutions, including Corporate D&O and Standalone Pension Trustee Liability Cover.
Get a quote
You can get a quote for Management Liability and buy online through Fast Trade.
Alternatively, for those clients who don't meet Fast Trade eligibility or have more complex needs, please contact your local trading office or call us on 0207 764 7311.*
Claims
Your client will be allocated a claims handler, who will support them throughout the entire process, but they’ll also have access to our panel of solicitors working in litigation and claims investigation.
Our defence excellence team will be on hand to help protect your clients against fraudulent claims and also give advice on best practice procedures and legislation that can help companies enhance their risk management strategies.
Key documents and resources
Master your marketing and grow your business
Target Market Statement and Fair Value Assessments
Aviva Risk Management Solutions
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*The cost of calls to 02 prefixed numbers are charged at national call rates (charges may vary dependent on your network provider) and are usually included in inclusive minute plans from landlines and mobiles. For our joint protection telephone calls may be recorded and/or monitored.