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Sometimes referred to as "Human" Liability. In general terms Management Liability has to do with the "management" of a business. The most common coverages are Directors and Officers Liability and Employment Practices Liability.
Directors and Officers Liability: protects the personal assets of a company's directors and officers from claims alleging that they have made improper decisions or failed to make proper decisions in their capacity as directors and officers. It also protects the company?s assets. Employment Practices Liability: protects businessowners from claims brought by employess, former employees and sometimes prospective employees alleging discrimination, harassment, retailiation, wrongful termination and other similar acts. |