Management Liability

Management liability is the term commonly used to describe a package of various insurance policies designed to protect a corporation and its directors and officers.

This package protects your facility and its employees against circumstances not covered under a traditional commercial general liability policy.

A management liability package will contain coverage for Directors and Officers Liability (D&O), fiduciary liability and employment practices liability (EPL).

Depending on the various exposures and risk tolerance of the insured, policies can be bundled together with a combined limit or structured with a dedicated limit for each line of coverage. Details on each of the coverages are included below.

Directors & Officers Liability (D&O)

Protects the directors and officers and the corporation against financial loss from resulting from litigation brought against them for an alleged wrongful act in their capacity as directors and officers.

Protects the personal assets of the directors and officers and also the assets of the corporation.

Makes coverage available for both public and private companies.

Includes a claims-made policy form.

Fiduciary Liability

Covers defense costs and damages from suits against plan trustees and other fiduciaries that administer and/or oversee employee benefit plans, even those who contract with investment managers

Protects against losses to a benefit plan incurred as a result of individual’s alleged negligent act or omission in administration or oversight of plans.

Includes profit sharing, disability, medical and life insurance


  • Specific plan(s) designated by the policy
  • Employer sponsoring the plan
  • Any individual serving as trustee, director, officer or employee of the plan
  • Any other person or organization specified by the policy
  • Includes claims-made policy form

Employment Practices Liability (EPL)

Provides coverage for defense costs and damages from liability resulting from an actual or alleged “employment practices violation” by an employee, applicant or third party

Protects the company and employees including past, present, part time, seasonal and temporary, volunteers and applicants for employment.

Includes but are not limited to allegations of:

  • Harassment (sexual or otherwise)
  • Discrimination
  • Retaliation by employer
  • Wrongful termination
  • Failure to employ/hire/promote/grant tenure
  • Liable, humiliation, slander
  • Violation of an employee’s civil rights
  • Infliction of emotional distress
  • Deprivation of career opportunities