The Management liability policy is available to any UK registered private limited company, charity, club or association excluding those in the legal sector, professional football or rugby clubs or financial services sector.
Market leading cover we offer:
- Directors' and officers' (D&O)
- Company Legal Liability (CLL)
- Employment Practices Liability (EPL).
We've now enhanced our UK Companies Policy Wording
At AXA, protection starts with prevention, which is why our Management Liability cover does more than any other in the market. We now provide your customers with the widest protection as standard and the unique services of rradar; free and unlimited access to experts in the prevention and management of legal crises. Work with the best team in business protection that could save your customers thousands, at no added expense.
General Policy enhancements
- Insurance Act 2015 compliant
- Employment practices and Company legal liability sections only cancellable by AXA for non-payment of premium
- Change in risk condition deleted
- Alteration condition deleted
- Any excess payable only charged at the end of a claim.
What's New - UK Companies Policy Wording
- £25,000 pursuit cover for contract disputes and debt recovery
- £100,000 data protection breach customer/supplier contact cover
- £25,000 negative social media and crisis public relations costs
- £25,000 circumstance investigation/mitigation costs
- Reduced excess levels £2,500 EPL, Nil CLL (most claims)
- Deprivation of assets
- Non-indemnifiable additional limit for directors
- Employment civil fines
- Option to extend employee dishonesty cover to full crime.
Standard cover includes:
- All areas of Regulatory investigation and with no restrictions
- Employment claims
- Pension claims
- Pollution claims clean-up costs - £25,000
- Cyber Liability including £100,000 loss of data costs
- Regulatory mitigation cover
- Lifetime 'run off' cover for retired directors
- Infringement of copyright and defence costs up to £50,000
- D&O cover is worldwide including USA.
For more details on specific cover, please refer to our new MLP proposition guide or the Policy Wording and the Summary of cover documents above.
Only AXA can provide 24/7 access to rradar, an exclusive service providing free and unlimited prevention advice, educational tools and protection for Legal, HR, Finance, Claims and other business areas.