Know the exposures. Manage the risk.
Management Liability (Executive Liability) helps financially protect a private or not-for-profit organization, its executives or directors and officers from allegations of wrongful acts not typically covered under a traditional commercial policy. As Management Liability Insurance Specialists (MLIS) our team can help identify your exposures and manage your risk.
Directors & Officers Liability (D&O)
Executives responsible for making decisions on behalf of the company bear personal liability if they do not live up to the acceptable “standards of conduct.” This policy covers liability arising from wrongful acts, errors, or omissions by directors, trustees, or officers in executing their duties in running their organizations.
Employment Practices Liability (EPL)
Employment Practices Liability covers wrongful acts in the workplace, such as discrimination, retaliation, harassment, or wrongful termination. It can also cover a variety of other issues arising from inappropriate workplace conduct, such as defamation, failure to promote, or invasion of privacy.
While it is typically employees who bring claims against other employees or their employer, third-party coverage can also be purchased. This coverage applies when the insured employer or one of the insured’s employees harasses a “non-employee,” such as a vendor or client.
This policy protects the employers, executives, and administrators that oversee employee benefit plans, pensions, 401(k) or 403(b) accounts, and profit-sharing plans against fiduciary liability claims. The Employee Retirement Income Security Act of 1974 was designed to protect employees participating in employer-sponsored pension and benefit plans. This law imposes personal lability on the fiduciaries for plan losses due to breach of duty.
Crime Insurance covers losses incurred as a result of dishonest acts, such as fraud, theft, or an impersonation crime by employees or third-party contractors or consultants.