Defence costs of health and safety (including corporate manslaughter)
Trading standards, environment or other regulatory claims
Defence costs and awards of claims:
by individual shareholders
arising from administration of any company pension or employee benefit scheme
arising from pollution
arising from any failed private offering
Ten years run off cover after a director retires
Additional policy benefits
The policy can be packaged as part of a management portfolio including:
Directors and officers liability
Employment practice liability
Corporate legal cover
Packaged together they cover your company as well as the individuals employed by you
An excess is not payable if a claim against you as an individual is successfully defended
You can pay interest free by direct debit
No annual renewal forms so you are assured continuous cover without inconvenience
Prefer to spread the cost of your policy?
Paying by direct debit is an affordable and convenient way to pay for your policy. Through our preferred provider, Premium Credit Limited (PCL)*, you have the option of setting up a Direct Debit to pay your premium in equal monthly instalments.
To find out more about PCL and direct debit payments, select Direct Debit.
*To understand more about how PCL work together with Towergate, please read our Regulatory Information.
Deliberate or dishonest acts
A dishonest or fraudulent act.
Acts intended to secure a personal profit to which the insured is not legally entitled.
Prior claims, investigations and circumstances
Any claims or investigations to which you were aware of arisen prior to the start of the policy
Any litigation arisen prior to the start of the policy
Defined benefit pension schemes
An excess will apply to claims not successfully defended against the company
These are just some of the key exclusions/limitations, full details will be found in policy wordings.
Yes, we cover the insured person for whomever and wherever they are working as long as these are specified at the start of your policy.
Our policy covers not only the shareholders but also their spouses, civil partners and assets.
What happens to the policy in the event of a merger or take-over?
In the event that someone acquires more than 50% of your company, or you consolidate with another company, we have procedures to amend your cover.
As standard you are covered for 30 days after the event of a management buy-out.
There is no minimum or maximum amount for eligibility.
If you want to know more about our monthly payment option, please read our dedicated page on Direct Debit.
In the event of a claim you deal direct with the insurer. This means no middle men so you can get the results you need as quickly as possible.
All of the experienced claims teams are based in the UK and are grouped into specialist areas. This ensures that the person you are talking to will have the exact expertise to offer immediate action and advice.
The claims teams understand how vital minimising the interruption to your business in times of distress is, so claims are handled as quickly as possible, sometimes even then and there. For large and more complex claims though, loss adjusters and dedicated claims handlers are provided to handle your claim and help secure the best possible outcome.