Not all businesses purchase MLP Insurance or have the importance of the policy highlighted by their insurance broker, but at Crown Broking we see this as a necessity for all clients.
Directors & Officers Insurance protects the assets of company Directors and Officers from claims relating to their management decisions.
This insurance can cover legal fees, judgements, settlements, and other costs associated with lawsuits or investigations alleging wrongful acts, providing financial protection against losses arising from shareholders, employees, customers, competitors, suppliers, and even government bodies.
Policies provide support throughout the process, from pre-claim investigation to post-claim litigation.
Claims arise from areas such as:
Breach of fiduciary duty
Lack of corporate governance
Breach of contract
Misrepresentation of company assets
Misuse of company funds
Failure to comply with workplace laws
Theft of intellectual property
Fraud
Entity Insurance is an extension to the Directors & Officers Insurance section of an MLP policy. Safeguarding the company’s balance sheet from claims brought against it, as opposed to the individual Directors or Officers
EPL Insurance is an extension to the Entity Insurance section of an MLP policy. Companies in every industry, increasingly face potential litigation from employee related claims such as perceived harassment, wrongful termination, breach of contract, discrimination, or other work-related issues.
Directors’ personal assets are at risk.
Whether rightly or wrongly accused you are personally liable to defend a claim
Defending a legal action can be costly.
Claims often run into tens of thousands of pounds for even the most innocuous claim.
Investigations by regulators are becoming more common.
Bodies such as the HSE are one of the primary drivers of claims in the UK.
D&O claims are not covered under any other policy.
It’s a misconception that claims are covered under other policies such as Professional Indemnity Insurance
SMEs & Mid-Market businesses are just as vulnerable as Corporates.
They face the same risks but often without the benefit of an in-house HR or Legal team.
Protection in the event of Bankruptcy/Insolvency.
Insolvency Practitioners / creditors may pursue legal action against directors if perceived they have not acted in their best interest.
EPL claims remain a large threat to Directors.
Claims such as sexual harassment or wrongful dismissal can result in astronomical settlements.
MLP insurance is more affordable than ever.
One of the most cost-effective covers for the benefits & peace of mind provided for Directors & Officers.
The team at Crown Broking will negotiate bespoke insurance for your business to cover your exact needs for your unique business.
For quotations or more information please contact:
Email [email protected] or call 0203 370 0005
Our key objective is to ensure that insurers see your business and insurance risk in the best light possible.
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Office:
Unit 2 Spitfire Business Park
1 Hawker Road
Croydon
Surrey
CR0 4WD
Call 0203 370 0005
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Claims: [email protected]
News & Info: [email protected]
Crown Broking Ltd is an appointed representative of Gauntlet Risk Management Ltd who are authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 308081. You may check this on the Financial Services Register by visiting the FCA website, www.fca.org.uk/register/ or by contacting the FCA on 0800 111 6768. Crown Broking Ltd is Registered in England & Wales. Registered office: Gauntlet House, 15 Acorn Business Park, Killingbeck Drive, Killingbeck, Leeds, LS14 6UF. Company Registration No 15383229.