Management liability insurance protects directors, officers, and managers from legal actions and claims alleging wrongful acts in managing a company. It covers legal defence costs, settlements, and damages awarded.
Cover Details
Directors and Officers Liability: Covers legal expenses and damages arising from claims against directors and officers for wrongful acts or decisions.
Employment Practices Liability: Protects against claims of discrimination, wrongful termination, or harassment by employees.
Fiduciary Liability: Covers breaches of fiduciary duty related to employee benefit plans or company assets.
Cover Options
Directors and Officers Liability: Covers legal expenses and damages arising from claims against directors and officers for wrongful acts or decisions.
Employment Practices Liability: Protects against claims of discrimination, wrongful termination, or harassment by employees.
Fiduciary Liability: Covers breaches of fiduciary duty related to employee benefit plans or company assets.
Frequently Asked
Directors, officers, and managers of corporations, nonprofits, and privately held companies should consider management liability insurance to protect against personal liability risks.
Breach of fiduciary duty, misrepresentation, negligence, and failure to comply with laws or regulations are examples of wrongful acts that may be covered.
No, management liability insurance focuses on protecting individuals in managerial roles from claims related to their management decisions, while professional indemnity insurance covers professional service providers from claims of negligence or errors.
