Health Management Liability Insurance
This type of policy is intended to provide protection not only for the assets of the individual directors and officers, but cover is also extended to the company for defined exposures – usually an unintentional wrongful act.
These days it is not just directors of large public companies who are exposed to personal liability for breaches of the duties and responsibilities they perform as Directors.
Directors and Officers of small to medium private companies are also at risk.
A simple act, error or omission can be enough to spark a claim against you or your company.