Mismanage and you’ll know about it. Investors, regulators, customers, creditors, employees, competitors — if any of them think your management team’s made a bad decision, they can sue.
Now there’s a whole heap of issues around business decisions made, mistakes, and wrongful acts. The laws surrounding them get really complex. And without the right insurance, your business, your own and even your employees’ assets could be on the line.
The good news is there’s insurance designed to cover you, your key people, and your company, for its actions: management liability insurance.
It’s not actually a policy, it’s a name for a package of insurance products. Just pick the ones that suit your needs.