Aspects of management liability are often overlooked when implementing a complete insurance program. Gone are the days of only public companies having a need for these types of insurance products, as nearly every entity has some exposure in today’s environment. With the evolution of professional firms and how operating decisions are made, there is a greater need for an insurance product to protect the personal assets of partners and directors that are making these key business decisions on other partners’ behalves. Other key examples are protecting the company from discrimination and harassment claims, or from claims that the company mismanaged employees’ profit sharing plans.
A sampling of products that can be purchased include:
• Directors & Officers Liability
• Employment Practices Liability
• Employee Benefits Liability
• Fiduciary Liability
Please contact us to discuss your company’s management liability exposure and to determine how we can help protect you.
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