Management liability insurance protects companies and their directors and officers. It includes coverage for D&O, fiduciary, and EPL liability. In some cases, it also offers Special Crime Insurance.
Our Management Liability experts will tailor policies to fit your business needs, whether that’s a combined limit or specific limits for each coverage line.
Startups also need management liability insurance. As your business grows, your risk of exposure increases, putting your personal assets in danger.
More than 25% of private companies faced a D&O-type loss. Companies without D&O insurance paid on average $394,000 for such losses. The largest reported loss exceeded $17 million.
Around 10% of American companies face employment disputes, with costs reaching $125,000 for settlements or judgments.
If your employer mishandles retirement or stock plans, you could be held personally liable and at risk of losing your assets.
Businesses lose $3.5 trillion yearly to fraud. It affects both small and large companies.
D&O insurance protects company executives from lawsuits that could put their personal assets in danger. Shareholders, competitors, investors, and others might sue directors and officers for wrongful acts related to managing the business.
Companies can be sued for discrimination, firing someone unfairly, breaking a contract, and other problems related to employment. This coverage protects against those kinds of lawsuits.
When a company offers employee benefits, it’s responsible for their proper management and can be held liable if they are mishandled.
Shoot us your email and we’ll kick off a conversation to help get you a quote on the best coverage for your brand.