Management liability insurance covers exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities.
These policies typically consist of Directors and Officers (D&O), Employment Practices Liability (EPLI), Fiduciary Liability, Professional Liability (E&O) and Crime Insurance.
What are the benefits of a combined policy?
These coverages may be written as stand-alone insurance policies or combined into a package policy.
Management liability policy package policies usually contain a set of common conditions applying to all the coverage lines purchased. In most cases, an insured must select a minimum of two types of coverage to be eligible to purchase a management liability package policy.
This arrangement offers meaningful premium discounts because much of the same data is needed to underwrite:
D&O (Directors and Officers)
Erros and Omissions
Management liability package policies are usually available to privately held firms, not-for-profit organizations, and small publicly traded companies.
Large publicly traded companies generally purchase stand-alone policies.