Let's Talk - Management Liability Insurance

By Colin Powell Business Development Manager

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In the vibrant and fast evolving world of creative industries, spanning film & media, photography, content creation and game development, innovation thrives but so do the financial risks. While these sectors are often celebrated for their artistic output and cultural impact, they are equally exposed to complex management liabilities that can threaten both reputation and financial stability.

Why Management Liability (D&O) insurance matters

Company directors and senior managers carry significant responsibility and with it, personal exposure. In the UK, Directors can be held personally liable for a wide range of alleged mismanagement claims including breaches of fiduciary duty, regulatory non-compliance and employment disputes.

These claims don’t just threaten the business; the key point is thar they can directly impact the individual’s personal finances and assets too.

Without Management Liability insurance, Directors may be forced to fund legal defence costs, settlements or fines out of their own pocket. This risk is especially acute in the creative spaces, where fast-paced decision making, intellectual property disputes and complex employment structures are more common.

Key risks include:

Regulatory investigations: Directors may be personally named in investigations by bodies such as HMRC, the ICO or Companies House.
Investor or Stakeholder claims: Allegations of misrepresentation, negligence or breach of duty can lead to costly litigation.
Employment-related actions: Claims of wrongful dismissal or discrimination often name individual managers alongside the Company.

Management liability insurance acts as a financial shield, covering defence costs and damages and ensuring that Directors and Senior Management can continue to lead without fear of personal ruin. In today’s litigious and reputation sensitive environment, it’s not just a safeguard, Management liability is a strategic necessity.

Be Proactive, Not Reactive.

If you do not currently have legal expenses insurance and wish to discuss the inclusion of this cover to your existing insurance arrangement, please give us a call today on 0208 256 4932 or fill in our enquiry form.

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