Coverage Options
Management liability is the term commonly used to describe a package of various insurance policies designed to protect a corporation and its directors and officers. This package protects your facility and it's employees against circumstances not covered under a traditional commercial general liability policy.
Management Liability Products Available
Directors & Officers Liability (D&O):
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Protects the directors and officers and the corporation against financial loss resulting from litigation brought against them for an alleged wrongful act in their capacity as directors and officers
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Protects the personal assets of the directors and officers and also the assets of the corporation
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Makes coverage available for both public and private companies
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Includes a claims-made policy form
Fiduciary Liability:
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Covers defense costs and damages from suits against plan trustees and other fiduciaries that administer and/or oversee employee benefit plans, even those who contract with investment managers
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Protects against losses to a benefit plan incurred as a result of an individual’s alleged negligent act or omission in the administration or oversight of plans.
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Includes profit sharing, disability, medical, and life insurance
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Insures:
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Specific plan(s) designated by the policy
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The employer sponsoring the plan
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Any individual serving as trustee, director, officer or employee of the plan
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Any other person or organization specified by the policy
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Includes claims-made policy form
Employment Practices Liability (EPL):
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Provides coverage for defense costs and damages from liability resulting from an actual or alleged “employment practices violation” by an employee, applicant, or third party
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Protects the company and employees including the past, present, part-time, seasonal and temporary, volunteers, and applicants for employment
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Includes but are not limited to allegations of:
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Harassment (sexual or otherwise)
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Discrimination
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Retaliation by employer
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Wrongful termination
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Failure to employ/hire/promote/grant tenure
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Liable, humiliation, slander
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Violation of an employee’s civil rights
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Infliction of emotional distress
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Deprivation of career opportunities
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