"Specialist Risk, formerly known as Miles Smith Insurance Solutions, staff are friendly, extremely approachable, responsive and very much work with us, allowing us to get on with the day-to-day running and growth of our business"
Legal actions may be brought against management teams for a variety of reasons ranging from allegations of financial mismanagement to alleged liability for injury/illness or for loss of or damage to property. Therefore, board engagement with Management Liability insurance is critical to protect your business.
Our expert team will work closely with you, to understand how your business operates and the risks you face before crafting a bespoke insurance programme to protect yourself and your fellow Directors and Officers within your organisation.
We recommend that you catch up on our webinar “Directors and Management Teams – what is your personal exposure?” to hear from a panel of recognised experts in this specialist area to help you understand the risks you are personally exposed to and how businesses should be responding. You can watch the webinar on demand here.
All businesses face unique risks, so please get in touch with our expert team to ensure your business has the correct cover in place.
Directors & Officers Liability (core) – provides protection for the Directors and Officers of a company for claims against them for wrongful acts committed solely by reason of their acting as a Director or Officer of a company
Employment Practices Liability (optional) – protects your company against financial loss from claims made by employees for a wide range of employment practice violations, including unfair dismissal or discrimination on grounds of sex, race, disability, religion, belief, or sexual orientation
Corporate Legal Liability (optional) – provides indemnity in respect of costs and awards for any allegations/claims made against the company (entity) as opposed to individuals
CASE STUDY: CLAIMS MANAGEMENT
Before working with Specialist Risk, the client was struggling to manage their drivers effectively, causing issues with the reporting of losses to insurers. Our dedicated claims team helped streamline the client’s claims procedures and brought their average reporting time down from 20 days to 2 days.
"Specialist Risk Insurance Solutions (SRIS) have acted as J B Accountancy Solutions insurance broker for over 10 years. During that period we have forged a good working relationship and have always been impressed with the level of professionalism and market knowledge.
Specifically we have found real value in their claims service and the immediate guidance and assistance their team have provided over the years. This is especially the case when it comes to managing our expectations around policy cover, providing assistance with preparing the claims submission to insurers and then being advised and updated throughout the process. We look forward to working with the team for years to come."