Site Location: Management Liability Portfolio Insurance

MANAGEMENT LIABILITY PORTFOLIO INSURANCE

Product Description

Arista's Management Liability Portfolio (MLP) provides cover against Directors and Officers, Employment Practice and Corporate Legal liabilities for Limited companies. The policy is intended to provide cover for UK domiciled, limited companies with a trading history of at least two years.


Directors and Officers' Liability covers

  • Defence costs of health and safety (including corporate manslaughter), trading standards, environment or other regulatory claims
  • Defence costs and awards of claims by individual shareholders (including other directors and family members with no percentage holding limitation)
  • Defence costs and awards of claims arising from administration of any company pension or employee benefit scheme
  • Defence costs and awards of claims arising from pollution
  • 72 months run off cover after a director retires
  • Defence costs and awards of claims arising from any failed public or private offering
  • 30 days automatic cover in the event of a management buy out

Corporate Legal covers the company for

  • Defence costs of health and safety (including corporate manslaughter), trading standards, environment or other regulatory claims
  • Defence costs and awards of claims by individual shareholders (including other directors and family members with no percentage holding limitation)
  • Defence costs and awards of claims arising from administration of any company pension or employee benefit scheme
  • Defence costs and awards of claims arising from pollution
  • Defence costs and awards of claims alleging breach of data protection
  • Defence costs of taxation claims
  • Defence costs and awards of identity crime claims
  • Direct financial loss arising from employee dishonesty
  • Defence costs and awards of claims arising from any failed public or private offering
  • 30 days automatic cover in the event of a management buy out

Employment Practice Liability covers the company for

  • Defence costs and awards of claims arising from allegations by employees including wrongful dismissal, harassment, discrimination, breach of contract and even failure to employ
  • Defence costs and awards of claims by third parties for claims arising from harassment or discrimination by an employee
  • Defence costs of assumed liability claims (including TUPE)
  • Defence costs of pension and employee benefit claims
  • Costs of legal representation at an investigation where no allegation of a wrongful act is made
Arista Insurance
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