FISCHER RISK MANAGEMENT / COVERAGE
Management liability insurance. Growth changes the decisions leaders make.
New investors, more employees, and access to company funds bring different questions. Review D&O, EPLI, and crime individually within the wider management liability program.
Request an Insurance Review
What is management liability insurance?
Management liability is an umbrella term for distinct leadership and organizational exposures. Directors and officers, employment practices, and crime coverage may be considered together, but each has its own insured parties, triggers, exclusions, and limits.
What to know about this coverage
Management liability is a category that can include directors and officers liability, employment practices liability, and other distinct coverages. The review should identify which policies your business needs and who each proposed policy insures.
Bring the company structure into view
Describe ownership, leadership, investors, subsidiaries, and the size and location of your workforce. Include upcoming fundraising, acquisitions, or organizational changes that you want considered.
Review each coverage separately
Discuss directors and officers coverage alongside employment practices and any other relevant sections. Ask about insured parties, limits, retentions, exclusions, and how defense costs affect available limits.
Plan around your next business milestone
Provide current insurance, renewal dates, relevant investor requirements, and available company information. We can identify additional underwriting questions after understanding the business and the reason for the review.
Is management liability only for public companies?
No. Management liability products are also available for private companies. Suitability and availability depend on the company, the requested coverage, and underwriting.
Different allegations call for different coverage questions
A shareholder questioning a board decision, an employee alleging discrimination, and a claim involving administration of an employee benefit plan are distinct situations. A management liability review should identify the relevant policy sections and insured parties rather than treating these allegations as interchangeable. These examples do not establish whether a particular claim would be covered.
