Rinkos Insurance Solutions is a market leader in insurance broking. We help clients better quantify and manage risk to survive and thrive.
Being a Network Partner of one of the largest insurance broking companies, we have the capacity to handle a broad range of risks on either a direct or a wholesale basis.
Drawing on solid relationships with London and global markets we’ll do our utmost to find the right solution for you.
Management liability insurance provides essential protection against the potential risks of running a business. Business leaders are constantly exposed to various risks, which can lead to mismanagement claims by third parties. If a company does not reassure its leaders that they will be supported in case a decision proves to be wrong, it can result in cautious and risk-averse management, ultimately hindering the company’s growth. An unexpected claim can jeopardize both your business and your personal financial position. Moreover, contrary to common belief, if a third party claims that your mismanagement caused losses to others, professional liability insurance will not cover it.
Management liability insurance covers the risks faced by a company’s management. It is an effective tool for minimizing potential losses for directors, managers, and other key company figures. Management liability insurance protects them from both alleged and legitimate claims of mismanaging the company. It also provides financial protection for the business and its management against pecuniary penalties, civil fines, and alleged wrongful acts while safeguarding the personal assets of company members. Management liability insurance can be broad and offer various forms of coverage.
Directors and Officers liability insurance is designed to protect the past, present, and future management of a business. It can cover anyone involved in a company’s management, including both directors and employees. It provides protection against claims related to actions such as:
Entity cover provides direct coverage for your business, rather than its management. If a lawsuit names the insured company as a defendant, Directors & Officers (D&O) liability insurance will not provide the necessary coverage. Often considered an extension of D&O coverage, entity cover protects both the organization and its management as a single entity.
Employment Practices Liability provides coverage for claims made by current or former employees against a company’s management. Claims related to bullying, sexual harassment, unfair dismissal, and discrimination can arise, and management liability insurance offers essential protection against these employment-related issues.
Many company owners often overlook the importance of management liability insurance. If directors and officers are exposed to personal liability, the future and reputation of the business may be at risk, and members of management may be forced to surrender personal assets or even face jail time. Having insurance as a safeguard can empower directors and managers to lead with confidence and enthusiasm.
Most relevant news of the Rinkos Insurance Solutions
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels.
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Rinkos Insurance Solutions is a licensed insurance broker regulated by the Bank of Lithuania (License No. 0060). For additional legal information please visit the Terms and Conditions section.
