Management Liability Insurance designs policies to protect the decisions of privately owned companies. When claims are made against a company it affects profit and reputation. The costs of defending against a claim can be great even if the organisation is shown to not be at fault.
A correctly tailored policy protects the past, present and future directors plus anyone else involved important decision making.
By correctly managing stakeholder views you can avoid a lot of mistakes. But, with the best will in the world, people can become upset and claim damages. This leads to fines, penalties and damage to your business activities.