Management Liability Insurance is indeed a vital form of coverage for businesses, particularly for transport companies. This type of insurance protects key individuals in the business, including directors, officers, and sometimes employees, from potential claims related to their management decisions, but not limited to, claims of wrongful acts, employment practices, cyber-attacks, and a breach of fiduciary duties
Management Liability Insurance is a comprehensive coverage ensures that business leaders are not personally financially exposed due to the decisions they make within the course of their managerial roles. It helps businesses manage the financial implications of legal claims and protects the company’s reputation and resources.