There has been a dramatic increase in the frequency and the severity of claims experienced against directors, officers and companies in the last 10 years. As a result, Management Liability Insurance has become a must, irrespective of size, ownership structure or sector of activity.
Management Liability Insurance protects directors, officers, managers and business entities from the cost of legal action and claims arising from governance, finance, benefits, and other management activities.
Through the BELUGA PANEL OF EXPERTS, our policies also give access to a range of experts that can provide advice on how to avoid/minimize a claim, help defend it if it materializes and eventually help recover after it.
Our policies are designed specifically for each class of insured. Whether you are an Individual Professional, a Company or a Non for Profit Organization, Beluga has the right cover for you.
DIRECTORS & OFFICERS LIABILITY FOR INDIVIDUALS
MANAGEMENT LIABILITY FOR COMPANIES
Most policies have been designed for large multinational corporations and then adapted for smaller companies. And they all miss a key element. In small and medium companies, ownership and management of the company are not always separated. So whether something is paid by the company or its managers or directors, the funds come out of the same ultimate pocket.
At BELUGA we have taken the concept of Directors & Officers Liability Insurance one step further by designing the policy with small and middle sized companies in mind and including cover for the Company for an extended number of exposures.