Management Liability and Directors & Officers Insurance
Why are Management Liability and Directors & Officers Insurance important?
In today's complex business environment, directors, officers, and managers can face a range of legal and financial liabilities. These types of insurance provide protection against such risks, offering a financial safety net in case of lawsuits or claims.
Who needs Management Liability and Directors & Officers Insurance?
These types of insurance are critical for businesses of all sizes. They cover directors, officers, and managers who could be held personally liable for decisions made on behalf of the organization.
Our Management Liability and Directors & Officers Insurance can include coverage for:
- Legal defense costs
- Settlements and judgments
- Regulatory fines and penalties
- Legal representation expenses
- Employment Practices Liability
Why choose Elliott Insurance for your Management Liability and Directors & Officers Insurance needs?
Elliott Insurance understands the challenges faced by today's business leaders. Our insurance professionals work closely with you to identify your specific risks and tailor a policy that offers optimal protection.
What's the difference between Management Liability and Directors & Officers Insurance?
While both policies offer protection for business leaders, the focus of the coverage differs:
Directors & Officers Insurance
Directors & Officers Insurance primarily provides personal protection for directors and officers against claims alleging mismanagement, misleading statements, or breach of duty.
Management Liability Insurance, on the other hand, is broader and covers the company as well as its directors, officers, and employees. It includes protections like employment practices liability, fiduciary liability, and crime coverage.
Who needs Management Liability and Directors & Officers Insurance?
These types of insurance are critical for businesses of all sizes. They cover directors, officers, and managers who could be held personally liable for decisions made on behalf of the organization.
Frequently Asked Questions
Yes. Even small businesses can face claims from clients, employees, competitors, and regulatory bodies. These policies offer financial protection for such instances.
Premiums are usually influenced by the company's size, industry, geographic location, loss history, and the limits and deductibles chosen.
Yes, Directors & Officers Insurance typically covers claims made against directors and officers for their actions taken while they were serving, even if the claim is made after they've left the company. This includes retired directors and officers. This is a key feature of these policies as claims can sometimes be brought forward years after an alleged incident. At Elliott Insurance, we'll ensure your D&O coverage aligns with the long-term needs of your organization's past, present, and future leadership.
Other Insurance Covers
Public & Products Liability
Professional Indemnity
Plant & Equipment Insurance
Workers Compensation Insurance
Construction & Contract Works Insurance
