Management Liability Solutions
What is Management Liability Solutions?
Management Liability Solutions is a package of insurance policies designed to protect a corporation and its directors and officers. The package includes four types of coverage:
- Directors and Officers (D&O)
- Liability insurance
- Employment Practices Liability (EPL)
- Fiduciary Liability
These coverages may also be written as stand-alone insurance policies. For more information on each of these coverages, you can follow the link provided.
Directors and Officers (D&O)
Directors' and Officers' Liability (D&O) is a form of insurance that provides coverage to directors and officers for claims that are made against them while they are serving in their capacity on a board of directors or as an officer. For more information visit Directors and Officers
Employment Practices Liability (EPL)
Employer Practices Liability insurance (EPLI), provides coverage to employers against claims and lawsuits made by employees over wrongful termination, discrimination, workplace harassment, retaliation, the failure to employ or promote employees, and other such allegations. For more information visit Employment Practices Liability.
Fiduciary Liability insurance protects businesses’ and employers’ assets against fiduciary-related claims for mismanagement of a company’s employee benefit plans. For more information visit Fiduciary Liability.
Crime insurance is a critical component of the Management Liability Solutions package, as it provides coverage for losses due to various types of business-related crime, including theft, fraud, embezzlement, or other criminal activities committed by employees or third parties. This type of insurance coverage is essential for businesses as it provides protection from significant financial losses due to criminal activities.
Which businesses need Management Liability Solutions insurance?
Industries that typically need this type of insurance coverage include healthcare, technology, finance, and real estate, among others. However, any business that wants to mitigate the risk of potential lawsuits or other legal claims should consider purchasing Management Liability Solutions insurance.
Contact an insurance agent for more information
To learn more about Management Liability Solutions insurance, consult with an insurance professional who can assess your specific risk and recommend the appropriate level of coverage for your business. They can also answer any questions you may have and help you understand how this insurance can protect your organization's financial assets and those of your fiduciary clients.
Find an Insurance Agent Near You