Management liability Insurance claims are more likely than fire claims!
I read some thought provoking facts about management liability insurance in this week’s copy of Insurance Times (http://www.insurancetimes.co.uk/issue.asp?navcode=575).
Andy Cullum, Axa Insurance head of management liability risks, stated “You wouldn’t dream of not being insured for a fire, but you are 10 times more likely to be sued by an employee”
The article went on to explain that 80% of larger companies purchase management liability cover, whilst only 20% of smaller companies do.
One of the main areas where insurers are seeing claims is for Employment Practice Liability (EPL).
For further information regarding management liability risks, contact Tony Gibbs on 0118 9165480 or complete one of our enquiry forms.