Management Practices Liability Insurance
Insurance products cover risks of liability faced by directors, officers, managers, and business related to decisions concerning the day to day activities, finance, employee benefits, and management decisions and activities. Protection is for the decision makers.
Management Practices is a package policy which includes
1) Directors and Officers (D&O) liability insurance,
2) Employment Practices Liability (EPL) insurance,
3) Fiduciary Liability Insurance, and
4) “Special Crime” insurance (covering kidnap, ransom, and extortion exposures).
When combined into a single, “package” policy Management Practices liability can result in significant premium discounts compared to the purchase of individual (monoline) D&O, fiduciary, and special crime insurance policies. Management liability “package” policies are typically available to privately held firms, not-for-profit organizations, and small publicly traded companies with annual sales of under $25 million in annual revenue.