2022 Market Update – Management Liability
Please see our article here on the distinction between management liability and D&O.
Exposure from COVID-19 risk may also sound in D&O, employment practices liability (“EPL”) and crime claims. It follows then, there will be further pressure on the small to medium Management Liability insurance market remains to contract.
Whether or not a company will have access to the suite of covers will depend on company size, industry, business maturity and any exit strategy.
Insurers and underwriting agencies have continued to develop online platforms for this cover. As they have moved to low touch underwriting, the wordings offered have become extremely restrictive: we would strongly recommend exercising caution when insuring D&O risk via an online platform.
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