Protect yourself against claims
As a leader within an organization, there’s always a chance that something goes wrong and you are held accountable. In that event, a lawsuit can take place leaving you in financial disarray. There are three main types of Management Liability coverage we recommend to people within these types of positions:
- Directors & Officers Liability Insurance is designed to protect said individuals, and their spouses, from personal losses if they are sued as a result of serving on a Board of Directors and/or Officer of a business or other type of organization. Directors & Officers Liability coverage will also extend to legal fees that the organization may incur as a result of a lawsuit.
- Employment Practices Liability Insurance is designed to cover wrongful acts arising from the employment process. Employment Practices Liability provides coverage to employers against claims made by employees such as harassment, wrongful termination, discrimination, and other employment-related issues.
- Cyber Liability Insurance is designed to provide a combination of coverage options to protect businesses from data breaches and other cyber security issues. Cyber Liability coverage will also extend to expenses involved in customer notification, credit monitoring, legal fees, and fines.
If you are interested in learning more about Management Liability Insurance and whether it’s right for you, contact us so you can speak directly to one of our expert commercial insurance agents.