East Yorkshire Insurance Brokers
Call Us: 01482 968115
Call Us: 01482 968115
Management Liability Insurance Broker Hull
Knowing the correct Management Liability package (MLP) insurance cover for your business can be complex, thankfully East Yorkshire Insurance Brokers based in Hull are here to help.
Why do you need MLP Insurance?
As a director or officer of a business action can be taken against you personally for a breach of your professional duty. A management liability policy will provide you with cover in the event of investigations from UK regulators including health & safety, police, HMRC, ICO etc.
What does MLP cover?
A management liability policy can include a variety of covers including Directors & Officers, Corporate Liability and Employment Practice Liability.
Corporate Liability and Directors & Officers insurance are normally included as standard on an MLP policy, these cover the business, directors and officers following a breach or alleged breach of their professional duty.
Employment Practice Liability provides cover for legal costs and awards in relation to employment disputes, e.g. claims brought by an employee claiming unfair dismissal, discrimination, sexual harassment etc.
The difference between MLP & Legal expenses
An MLP policy does not include a 51% prospect of success clause, this is normally included within a legal expenses policy. In addition to this, most MLP policies extend to include libel and slander and will also cover the cost of HSE intervention fees.
At East Yorkshire Insurance Brokers our preferred market for directors’ and officers’ insurance is AXA, this is because all of their customers automatically receive the benefit of Rradar who are AXA’s legal service partner. In addition to AXA, we do have access to a variety of other MLP markets to fit all client’s needs.
Why use East Yorkshire Insurance Brokers
With over 10 years of experience, East Yorkshire Insurance Brokers an appointed representative of Ten Insurance Services are your local independent expert for all your business Insurance requirements. Based in Hull, East Yorkshire Insurance Brokers believes in offering a friendly and personal service for a wide range of commercial insurance products for small to medium-sized businesses.
We strongly believe in our 5 key values:
- Independence – We are an independent Insurance Broker which means we have your best interests at heart and are not bound to place policies with specific insurers.
- Confidence – You can be confident we will arrange the correct cover for your needs.
- Integrity – We put your interests first and use our knowledge of the market to provide you with the most suitable policy for your needs.
- Credibility – With 10+ years of insurance experience we have the knowledge to help find the correct cover for your needs.
- Community – Community is extremely important to us and this is why we are committed to helping Charities and Not for Profit organisations reduce the cost of their insurance
Whether you’re looking for landlord insurance, shop insurance, contractors’ insurance, fleet insurance or professional indemnity insurance we believe in giving you confidence in your insurance cover by using our experience and knowledge to build long-lasting relationships.
