Management Liability Insurance

You spend time and money trying to make your organization attractive to the very best talent, but sometimes errors are made or an employee feels unfairly treated or injured. In those cases, you can expect a management liability complaint.

Our insurance professionals have seen the effects of increasingly expansive and invasive regulations and highly aggressive attorneys capitalizing on employment practices lawsuits. The situation isn’t pretty. Record fines have been levied in the last five years, and between the Equal Employment Opportunity Commission, the Securities and Exchange Commission, the Department of Labor in general, the IRS, and state and local authorities, businesses today can expect to run afoul of management liability rules somewhere.

We offer solutions based on 40 years of business expertise in our region and our clients’ industries. Our management liability insurance is designed to protect all our business partners: from mainstream storefronts to technology firms, nonprofit organizations, and a hundred businesses in between.

Here’s a glimpse at some of our most widely used policies:

Complementing Other Commercial Insurance Policies

If you are operating with a business owners policy (BOPs) or a commercial property and commercial general liability policy combination, it’s likely you’ll need a coverage enhancement or a stand-alone management liability policy to fully protect your organization against sexual harassment or discrimination complaints; whistleblower reports; EEOC, IRS or other regulatory investigations; and directors and officers liability charges.

Fiduciary insurance, often done through ERISA bonds and other financial agreements, and crime insurance require deep familiarity with your business. At our agency, we develop a thorough knowledge of your needs and provide recommendations for products that are tailored to your specific exposures and strengths.

Our efforts target more than just payouts. Your risk management expert will work with you to identify weaknesses as well as where you are strong and will propose defense-fee coverage that best suits your financial profile. We’ll also explain “extras” that can be obtained, such as media relations help, on-call legal counsel, crisis management, and coverage for forensic services, regulatory probes that don’t result in charges being filed, and problems with overseas activity.