Management Liability Products

Our Management Liability products are package policies offering Directors & Officers Liability, Employment Practices Liability, and Fiduciary Liability on an admitted and surplus lines basis in most states. This combination product targets privately held companies with less than $35MM in assets and less than 500 employees.

General product highlights:

• Nonrescindable coverage for nonindemnifiable claims against insured persons
• Additional defense limits available
• Policy can be customized to provide separate or shared limits among one, two or all three coverages

Employment Practices Liability coverage features include:

• Negligent hiring
• Wrongful termination
• Third party coverage
• Wage and hour coverage available to qualified insureds
• Clear and concise claim reporting requirements
• 70/30 settlement clause

Directors & Officers Liability coverage features include:

• Duty to defend
• Dedicated supplemental limit for insured persons
• Non-profit outside directors liability
• Private placement coverage
• Coverage for criminal investigations and proceedings
• Coverage for derivative demands (costs of investigation)

Fiduciary Liability coverage features include:

• Omnibus pension and welfare plan language
• Coverage for non-ERISA plans
• Fully severable exclusions
• Sublimit for IRS and DOL voluntary compliance programs
• Claim definition includes administrative error
• Defense cost coverage for fraud and personal profit claims
• Coverage for civil fines assessed under HIPAA up to full policy limit