Management Liability

Management liability insurance is a type of insurance coverage designed to protect company directors, officers, and managers from legal liabilities and financial losses arising from claims of wrongful acts in the course of managing a business.

This insurance typically provides coverage for legal defense costs, settlements, and judgments resulting from allegations of errors, omissions, negligence, breaches of duty, or other wrongful conduct by company executives and managers. Management liability insurance may also include coverage for employment practices liability, fiduciary liability, and other related risks. This coverage helps to safeguard the personal assets of company leaders and provides financial protection for the business in the event of lawsuits or regulatory investigations.