Management Liability Public Companies
In today’s environment of securites-related ligation and regulatory, public companies are arguably facing more scrutiny than ever before. Every day, newspapers are filled with articles about companies being sued over issues like accounting fraud, mergers and acquisitions, signs of financial weakness and conflicts of interest. Courts are overflowing with shareholders, competitors, customers and employees making damaging claims against directors and officers. You can feel confident with management liability insurance, (Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime (Fidelity), Kidnap/Extortion & Ransom) from The Hartford.
Directors and Officers Liability (D&O) - This coverage helps to protect directors and officers of corporations against loss damages and defense costs due to litigation involving their performance in such capacity. Common claims involve securities laws, mergers and acquisitions and allegations of breach of duty.
Employment Practices Liability (EPL) - This coverage helps to protect companies and individuals against damages and defense costs arising out of many employment practice disputes. Common claims often involve allegations of discrimination, sexual harassment wrongful termination and wrongful discipline.
Fiduciary Liability - This coverage helps to protect fiduciaries (as defined by ERISA) against damages and defense costs arising from the administration and management of employee benefit and pension plans. Common claims allege ERISA violations, negligent advice, and careless plan management.
Crime (Fidelity) - This coverage helps protect organizations from loss of corporate money, securities or other property due to certain crimes. Common claims arise from employee dishonesty, forgery, robbery and wire transfer fraud.