Management Liability Insurance

Commercial Insurance

Management Liability Insurance protects your business from the liabilities of management. This type of insurance provides protection from losses arising out of wrongful acts committed by or on behalf of the officers, directors, and key employees of your company.

Management liability is a combination of insurance policies designed to protect a business and its directors and officers against risks not covered under traditional commercial general liability insurance.

These exposures range from Executive Risks that include:

Directors and Officers Liability
Employment Practices Liability
Fiduciary Liability
Employed Lawyers Liability
Crime
ERISA Fidelity Bond Coverage
Kidnap and Ransom

Hugh Wood Canada specializes in working with international insurance companies to place this liability coverage and has the global capability of placing this risk in individual locations.

When do I need Management Liability cover?

All insureds with exposures from operation or employees should purchase these coverages for asset protection, defense, and indemnity costs. The coverage provides protection for losses that occur outside of the daily operations of a company.

Most critical are industries such as:

Manufacturing

Healthcare

Life science

Technology

Which risks does Management Liability cover?

Management Liability Insurance is a broad-based commercial policy designed to provide insurance protection against a variety of claims and lawsuits arising out of the management process.

The coverage is designed to protect against financial loss arising out of these risks such as wrongful termination, defamation, interference with business relationships, misappropriation of an idea or trade secret and regulatory violations.

Directors’ and Officers’ Liability

Directors’ and Officers’ Liability Insurance provides protection for losses caused by an organization’s directors or officers.

Directors and Officers liability insurance provides coverage for directors who are sued for the way they manage a company, including their decisions to break local laws or regulations, or pay bribes.

Management Liability Insurance