Management Liability

Every day, newspapers are filled with articles about companies being sued over accounting fraud, mergers and acquisitions, signs of financial weakness and conflicts of interest. Courts are overflowing with shareholders, competitors, customers, employees making damaging claims against directors and officers.  Feel confident with management liability insurance, (Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity Liability (Crime), Kidnap/Extortion & Ransom) from The Hartford.

Directors and Officers Liability (D&O) protects directors and officers of public, private and non-for-profit corporations against loss (damages and defense cost) arising out of their status or conduct as directors or officers.  Common claims allege breach of duty, security law violations, and unfair competition.

Fidelity (Crime) Insurance protects organizations from loss of money, securities or other property resulting from theft.  Common claims arise from employee dishonesty, forgery, robbery, wire transfer fraud and other criminal acts.

Employment Practices Liability (EPL) protects companies and individuals against loss (damages and defense costs) arising out of employment practice disputes.  Common claims allege discrimination, sexual harassment wrongful termination and wrongful discipline.

Fiduciary Liability protects fiduciaries (as defined by ERISA) against loss (damages and defense cost) arising from the administration and management of employee benefit and pension plans.  Common claims allege ERISA violations, negligent advice, and careless plan management.

Kidnap/Ransom & Extortion (K&R) can provide reimbursement for ransom monies paid in the event of a covered kidnapping or extortion event.  Companies who ask employees to travel overseas for business purposes often purchase this insurance at minimal cost to protect employees and their guests during such travel and business related activities at home or abroad.