Difference Between Management Liability and Professional Indemnity Insurance

Legal Explus25 Apr, 2024Legal

Management Liability Insurance protects businesses and their leaders from claims related to decisions and actions taken in managing the company. It covers things like wrongful termination, discrimination, and breach of fiduciary duty. On the other hand, Professional Indemnity Coverage shields professionals from claims arising from errors or negligence in their work. It's crucial for consultants, lawyers, and other experts. While both insurances safeguard against risks, they focus on different aspects: Management Liability on leadership decisions, and Professional Indemnity on professional errors. Protect your business and career with the right coverage tailored to your needs.