It takes many dedicated people to steer a large corporation in the right direction. Directors, officers, managers and c-suite employees face exposures each day as they make decisions about governance, finance, benefits, and management activities. Our team at OnMarket Insurance Associates has vast experience working with large-scale organizations to protect the entire operation from the CEO to the janitor.
Management Liability policies come with several specific coverages, including:
- Directors & Officers Liability Insurance
- Employment Practices Liability (EPL) Insurance
- Fiduciary Liability Insurance
- Special Crime Insurance, such as:
Is a Management Liability policy the same as Executive Liability Insurance?
Yes, some agencies may refer to this coverage as an Executive Liability policy. Essentially they are the same name for a policy that protects your directors, officers, management and c-suite level staff from claims against decisions they make for the company they manage.
Can I combine this policy with others that I need for my business?
Yes! Management Liability can be written as stand-alone insurance policy or combined into custom “package” policy. Our team will work with you to list out everywhere you need protection, and write a policy for you that covers everything at industry competitive rates.
Is Management Liability written on an “Occurrence” or “Claims Made” form?
A Management Liability policy is written on a claims-made policy. The difference is that in an occurrence policy, claims may be brought against any past policy so long as you were insured at the time of the event. With a claims made policy, if you are made aware of a claim and don’t report it within the policy period, the claim will be denied.