Management Liability Insurance for Private Companies and Non-Profits
Directors & Officers Liability Insurance (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
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 Insures: – 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
The information provided on this website does not constitute insurance advice. All content and materials are for general informational purposes only. Complete First Underwriter’s online application and contact one of our licensed insurance professionals to obtain advice for your specific business insurance needs.