Management Liability

Management liability insurance is a broad term that encompasses various types of coverage designed to protect organizations and their leadership from legal risks associated with management activities. These policies are meant for small to medium-sized businesses and our market access allows us to provide multiple options for your practice.

Our management liability offerings

  • Directors and Officers (D&O) Liability: Protects directors and officers from claims alleging mismanagement, breach of fiduciary duty, or other wrongful acts. 
  • Employment Practices Liability (EPLI): Covers lawsuits from employees alleging discrimination, harassment, wrongful termination, or other employment-related issues. 
  • Fiduciary Liability: Protects companies and individuals acting as fiduciaries (e.g., managing employee benefits) from claims of mismanagement or breach of duty. 
Management Liability
  • ERISA Bonds: Protects employer sponsored retirement and profit-sharing plans against theft of funds. These bonds are required by Federal law on all qualified pensions, welfare arrangements or retirement funds.
  • Commercial Crime: Covers losses resulting from employee theft, fraud, embezzlement, or other criminal acts. 
  • Errors & Omissions: Covers a broad range of professional errors and omissions not covered by traditional medical professional liability insurance. This coverage protects against claims of negligence, mistakes, or failure to perform professional duties. 

How much is management liability insurance?

Premiums will change based on the level of insurance limits purchased and the coverage options selected. Other factors include but are not limited to the size of your practice, number of employees, value of funds held on a fiduciary basis, and your claims history.