For-profit, and especially non-for-profit entities, often find the need for procuring management liability insurance policies for their firm. These are insurance policies that cover exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities.
Directors & Officers Liability Insurance – Protects the personal assets of corporate directors and officers, and their spouses, in the event they are sued by employees, customers, vendors, competitors, or other parties for actual or alleged wrongful acts in managing a company.
Employment Practices Liability Insurance – Protection for employers against claims made by employees alleging: Wrongful termination; Failure to promote; Discrimination – based on gender, race, age or disability; and Sexual Harassment.
Insurance – Protecting businesses’
and employer’s assets against fiduciary (custodial care) related claims of
mismanagement of a company’s employee benefits plan.
Kidnap, random, and
extortion exposures –
Designed to protect individuals and corporations operating in high-risk areas
around the world, or for who are targets of extortion anywhere – whether threat
intended for financial gain or due to someone holding a grudge against you, the
company, or the employees.