Management Liability

Contact & Navigate Management Liability

Even the most skilled professionals make mistakes. From equipment failure to human oversight, almost any incident can result in litigation.

Today, the demands of running a business and providing professional services to clients require firms to delegate management responsibilities to committees, partners or shareholders who may make company decisions. This management structure could expose these committees and individuals to the same liabilities faced by company officers.

Non-corporate entities and professional firms may require specialized insurance for the decisions they make in the day-to-day management of their businesses, including:

  • Architects
  • Engineers
  • Lawyers
  • Medical groups

D&O Liability

Few business events are more stressful than when directors and officers are named in a lawsuit. Our management liability insurance protects not only your corporate leaders, but also extends to the corporation itself, for certain types of claims, including:

  • Directors and officers
  • Errors and omissions
  • Employment practices
  • Miscellaneous professional
  • Fiduciary liability
  • Kidnap and ransom

Policy Features

Our management liability policies may include important policy features and coverage for:

  • Claims brought by partners not involved in a firm's management (and not covered by traditional policies)
  • Claims of mismanagement or negligence
  • Partnership agreements and compensation disputes
  • Business torts (interference with contractual relations)
  • Punitive damages (where insurable by law)
  • Claims seeking contract enforcement
  • Claims against spouses
  • Claims against subsidiaries