As one of Neil Willies Insurance Brokers Limited recommended partners MPR offer a wide product portfolio including –
• Management risks package insurance for LLPs and third sector organisations
• Crime insurance
• Employment practices insurance
• Pension scheme insurance and pension wind up insurance
• Cyber cover
• Professional liability
• Financial institutions insurance
Why do you need Management Risks Insurance?
• Directors, officers and senior managers can be exposed to a broad spectrum of civil, criminal and regulatory actions, often involving hefty costs. Specialist lawyers do not come cheap. Depending on the nature of the allegations, hourly rates can be many hundreds of pounds.
• Good human resources practices can go a long way to mitigate exposures to claims by employees but cannot eliminate them completely.
• Keeping pace with change, accelerated by technology, exceeding customer expectations and growing a business profitably demand comprehensive risk management strategies. Insurance for the company is a key element of this.
• According to the Association of Certified Fraud Examiners, the average organisation loses about 6% of its total annual revenue to fraud and abuse committed by its own employees.
• Even companies with strong security and privacy controls are not immune to cyber risks.
What does the policy cover?
Protection of the assets of both the company and its managers is vital within an increasingly challenging operating environment. The financial and reputational risks facing private companies and their managers are growing in complexity and scale. The Management Risks Insurance package policy is an integrated solution for private companies and provides five important sections of cover, each with its own limit. This policy provides a quick and easy to place solution for private companies.
A comprehensive package policy providing cover for:
• Directors and officers insurance
• Employment practices insurance
• Company insurance
• Employee Crime, Crime using Computers and Social Engineering Crime
• Cybersecurity
Neil Willies Insurance Brokers Limited are happy to work with MPR and to recommend their products due their vast experience over many years in all the products they offer. Simple and clear policy language with the removal of ambiguity.
A straightforward, client focussed service.
For further details and quotations, please contact Justin Gould at Neil Willies Insurance Brokers Limited on 0800 542 0672 or email sales@neilwillies.co.uk