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Why get management liability insurance?

Holding a high position in your business offers great rewards, but it also brings a greater exposure to risk. If something goes wrong, it’s likely you’ll be held accountable. With management liability insurance through Wesleyan Financial Services, you’ll get comprehensive cover for claims made against you and your company.

  • Liability cover for directors, managers and officers up to £10 million
  • Covers legal and criminal defence costs and expenses
  • Cover if your personal assets are frozen and you need to pay for school fees, mortgage payments and more
  • Reimbursement to your company if it pays out to protect you
  • Tailor your cover from our panel of leading insurance providers with our advice-based service
  • Request a quote and we’ll aim to call you within the hour*

*Opening hours are Monday to Friday 9am - 5pm.

How it works

As a director, officer or manager, you have a lot of people to consider in your day-to-day role. From employees and shareholders, to customers and regulators, you’re responsible for making sure things go smoothly.

If something does go wrong, you’re at a greater risk of being sued. Though you can’t predict when someone will make a claim against you, you can protect yourself and your company with insurance.

We work with a range of leading insurers, including Aviva, Allianz, Travelers, PEN and QBE. Through our team of commercial insurance specialists, you can get a policy that’s tailored to your needs.

What does management liability insurance cover?

Depending on the level of cover you choose, your policy can protect you against a range of claims. For example:

Type of claim
What this means
Health and safety
This will cover legal expenses and any compensation you need to pay out due to a breach of health and safety. For example, if one of your staff becomes seriously ill or injured due to an accident at work.
Deprivation of assets
This will cover you if your assets and bank accounts are frozen and you need to pay for a common expense. Common expenses include school fees, mortgage payments, utilities or personal insurance.
Employment practices liability
If you fail to follow your duties as an employer and are taken to court as a result, you’ll be covered for any defence costs and compensation that you need to pay. For example, if you fire an employee and it’s found to be an unfair dismissal.
Corporate legal liability
This will cover you for a variety of corporate legal liability cases. For example, if you use someone else’s image in a marketing campaign and are found guilty of copyright infringement.
Commercial crime
This covers money laundering, false advertising, embezzlement and more. For example, if you find a member of your staff has set up a ‘ghost’ employee on the payroll and is fraudulently claiming a salary.

What's not covered?

Unfortunately, management liability insurance can’t cover you for everything. This includes:


We won’t cover any claims that arise from:

  • Any dishonest or fraudulent act or omission or deliberate breach of any statute or regulation
  • Anything you or your company gain that you aren’t legally entitled to, such as profits, renumeration or advantages

Prior claims and circumstances

We won’t cover claims that were:

  • Accepted under any other insurance prior to you taking out this cover
  • Known to you or your company before you took out this cover

Prior or pending proceedings or investigations

  • We won’t cover claims that are pending or ongoing prior to you taking out this cover. For example, administrative, civil, criminal or regulatory proceedings or investigations.

Property damage

  • Any claim for property damage except for defence costs.

Already a Wesleyan member? Save 20% on your insurance

Protect yourself for less with our exclusive member discount. Save 20% when you take out management liability insurance as a member of Wesleyan.

See eligibility criteria and terms and conditions.

Frequently asked questions

  • Is management liability the same as directors and officers insurance?

    You may have heard the two used interchangeably, however directors and officers insurance is just one part of management liability insurance. It can be purchased separately, or alongside corporate legal liability and employment practice liability.

    Together, these three products make up management liability insurance.

    • Directors and officers insurance protects you if you’re personally sued
    • Corporate legal liability covers any unlawful acts made by your company or employees (such as workplace accidents or copyright infringement)
    • Employment practice liability protects yourself and your company against employment related legal action (like employee contract violations)

    When you get in touch with our team, we can talk you through the three types of cover.

  • Do I need management liability insurance?

    While you’re not legally required to have management liability insurance, it acts as a financial safety net if you or your leadership team face allegations of mismanagement.

    It’s usually the individual’s responsibility to cover the cost of any claims made against them. Legal costs can quickly rack up as you pay out for damages, expenses and settlement fees.

    If you aren’t sure whether you need management liability insurance, our team of insurance experts can assess your needs and talk you through your options. As we have access to a range of insurers, we can help you find a policy that’s right for you.

  • What are the risks of not getting cover?

    The main risk of not having insurance is that you’ll need to pay out of your own pocket if someone makes a claim against you. In worst cases, a large settlement claim could lead to bankruptcy.

    Aside from the financial impact, some individuals may only go into business with you if you have liability insurance in place. It provides your business partners with the peace of mind that you’re covered if the worst was to happen.

  • How can I reduce management liability risks?

    To reduce risks, you and your company should follow best practices, such as:

    • Implementing strong corporate governance
    • Maintaining accurate financial records
    • Conducting regular risk assessments
    • Providing management training
    • Following employment laws
  • What’s the difference between management liability and professional indemnity insurance?

    Management liability insurance protects businesses at a management level. For example, it covers directors, officers and managers against claims of mismanagement. It also covers the company if it pays out on behalf of the managers.

    Professional indemnity insurance protects businesses against civil liability claims made against their professional advice and services. For example, if a third-party loses money as a result of taking advice.

    If you’re unsure which policy is right for you, we’re here to help. You can give us a call on 0808 296 7962 or fill out our short form to get started.

  • How do I decide which level of cover is right for me?

    How much cover you need depends on a number of factors, including the industry you’re in, the size of your business and the risks you face in your working life.

    It’s not the easiest to work out, which is why we’re here to do the hard work for you. When you get in touch, we’ll consider all the factors that go into your insurance needs.

    We’ll present you with a range of policies best suited to you and your budget.

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Important information

Please note that limits, exclusions and charges apply. Full terms and conditions of the policy and cover, including benefits and exclusions, will be provided when you get a quote. Risk must be acceptable to underwriters at normal terms.

Wesleyan Financial Services is a broker and its insurance products are provided by a number of insurers.