Management Liability

management liab

The Management Liability Package offers non-rescindable, one-stop enhanced coverage for companies, subsidiaries, and their directors, officers, executives, fiduciaries, and employees, against management liability, employment practices liability, fiduciary liability, and crime claims.

Fully non-rescindable policies
Most favorable venue punitive damage coverage
Limits (other than crime) offered on a shared or separate basis
Limited definition of “Application” (36 months)
HIPAA coverage (by endorsement)
D&O:
- Additional $1 million of side a (when at least a $1 million limit is purchased)
- Retention waiver for early settled claim
- Definition of “claim” includes civil, criminal, arbitration, and regulatory proceedings, as well as civil, criminal, administrative, or regulatory investigations
- Numerous insured vs. insured carve-outs
EPL:
- $100,000 sub-limit for class-action wage and hour claims defense.
- Single plaintiff claims not sub-limited (non CA, by endorsement)
- Definitive third party coverage
- Additional excess $1 million in costs, charges and expenses coverage
Fiduciary:
- Defense outside the limit
- Voluntary compliance loss and delinquent filer penalties coverage (by endorsement)
- HIPAA coverage (by endorsement)
Crime:
- “Loss discovered” form

Private companies with revenues below $50 million and fewer than 500 employees are preferred, but all classes will be considered.

Not-for profit organizations and entities with revenues below $50 million and fewer than 500 employees, but all classes will be considered.