This insurance covers exposures faced by directors, officers, managers, and business entities that arise from finance, benefits, governance, and management activities. This includes Directors and Officers (D&O) liability insurance; Employment Practices Liability (EPL) insurance; Fiduciary liability insurance; Cyber; Crime insurance; as well as coverage for Kidnap, Ransom and Extortion exposures.
These coverages may be written as stand-alone insurance policies or combined into a "package" policy. Management liability "package" policies usually contain a set of common conditions applying to all of the coverage lines included. Packaging coverages offers meaningful premium discounts because much of the same data is needed to underwrite most management liability coverages. Management liability policies should be considered by all privately held firms as well as not-for-profit organizations.
Virtually all businesses today have an online presence or exposure to cyber hacking. We consult on all areas of Cyber insurance: