Management Liability

 

Management liability insurance covers exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities.

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These policies typically consist of Directors and Officers (D&O), Employment Practices Liability (EPLI), Fiduciary Liability, Professional Liability (E&O) and Crime Insurance.

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What are the benefits of a combined policy?

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These coverages may be written as stand-alone insurance policies or combined into a package policy.

Management liability policy package policies usually contain a set of common conditions applying to all the coverage lines purchased. In most cases, an insured must select a minimum of two types of coverage to be eligible to purchase a management liability package policy.

This arrangement offers meaningful premium discounts because much of the same data is needed to underwrite:

 

• Employment Practices

• D&O (Directors and Officers)

• Fiduciary Liability

• Crime coverages

• Erros and Omissions

 

Management liability package policies are usually available to privately held firms, not-for-profit organizations, and small publicly traded companies.

 

Large publicly traded companies generally purchase stand-alone policies.

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