Management Liability (D&O)

Protect personal assets by insuring director/partners and officers/managers risks


What is Management Liability insurance
and what does it cover?

Management liability insurance, or Directors’ and Officers’ (D&O) liability insurance is insurance cover that offers financial protection to those who are the director, partner, officer or manager of a business. It is designed to cover the cost of claims for compensation made against the insured individual.

Elmore D&O Insurance USP’s

Focused Policy Coverage

Crisis Claims Response

Wide panel of Insurers

Operational Risk Experts to
ensure control frameworks in place

Risks to Directors and Officers can come from a range of stakeholders

The top cause of D&O claims is non-compliance with laws and regulations, followed by negligence and maladministration.

A basic D&O insurance policy provides 2 areas of cover:

Claims Made Against The Directors (insured persons)


This covers the defence costs and damages
an individual incurs if the company is
unable/will not defend the insured person.
Known as ‘Side A cover’

Company Reimbursement

This covers the Company’s costs if it legally
obligated or permitted to defend the Insured
Person from a claim made against them.
Known as ‘Side B cover’

Claims Made Against The Company (the entity)

There are additional areas of coverage available in a D&O insurance policy,not included as standard
which Insurers will charge an additional premium for. Elmore recommends the following covers are included when seeking quotations:

Corporate Liability

This covers claims against the
company which are not
related to the provision of

Securities Liability

This covers securities claims
against a company if it’s
shares are publicly listed.

Employment Practices Liability

This covers claims from
employees for employed
related acts against the

Pension Trustee Liability

This covers claims against
pensions or plans as well as
their insured persons that is
set up by the company but a
non-related legal entity.

Public Offering Liability

This covers the process of a
firm listing securities or
bonds on the public markets
and the liability emanating
from such a process.

Transaction Liability

This is cover for a company
wishing to undertake a
transaction of some kind, for
sell side or buy side it covers
liability from a SPA.

Am I covered by existing
insurance arrangements?

Management Liability Insurance is one important part of a comprehensive insurance programme. It is likely existing insurance arrangements will have elements of Management Liability cover but may not provide coverage against all the different scenarios in which a serious Claim event can impact a business. Contact Elmore to undertake a gap analysis of your existing cover to see how you are covered.

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We take cyber security seriously and are one of the few in the insurance industry to certify with Cyber Essentials.
Implementation of Cyber Essentials controls can significantly reduce the risk of prevalent but unskilled cyberattack.