Insured Person (Management Liability)

Insured Person covers more than just formal directors and officers. It reaches a wide range of people with management or supervisory duties. This usually includes past, present, and future directors and officers, company secretaries, general counsel, and employees in managerial or supervisory roles. De facto and shadow directors count too, along with trustees of staff benefit plans. Cover can extend to estates, heirs, and legal reps. This applies if an insured person becomes incapacitated or dies. Spouses and partners may get limited cover too, where their own assets are pursued over an insured person's alleged wrongful act. This wide definition protects people doing management work, no matter their title. It reflects the fact that liability can fall on anyone who makes decisions for the company.

Insured Person covers more than just formal directors and officers. It reaches a wide range of people with management or supervisory duties. This usually includes past, present, and future directors and officers, company secretaries, general counsel, and employees in managerial or supervisory roles. De facto and shadow directors count too, along with trustees of staff benefit plans. Cover can extend to estates, heirs, and legal reps. This applies if an insured person becomes incapacitated or dies. Spouses and partners may get limited cover too, where their own assets are pursued over an insured person's alleged wrongful act. This wide definition protects people doing management work, no matter their title. It reflects the fact that liability can fall on anyone who makes decisions for the company.