Executive Liability
Executive liability coverage protects your company and shields the personal assets of executives from costly litigation. This protection allows your directors, officers, and managers to make difficult business decisions without fear of devastating personal financial repercussions. This type of coverage can be integral in helping you attract and retain high-quality talent.
Be Prepared. Be Protected.
Executive liability insurance is generally a package of several types of coverage, including:
- Directors and Officers (D&O) Liability Insurance: Designed to protect the personal assets of a company’s directors and officers, this covers claims of mismanagement or breach of fiduciary duty, misrepresentation of company assets or misuse of company funds, negligence or failure to act in the best interest of the organization, and lack of corporate governance.
- Employment Practices Liability Insurance (EPLI): This protects the company and its executives from claims made by current, former, or prospective employees related to employment issues. Covered claims often include wrongful termination or failure to promote, discrimination (based on age, race, gender, etc.) or harassment, breach of an employment contract, and negligent evaluation or infliction of emotional distress.
- Fiduciary Liability Insurance: This coverage protects executives and employees responsible for managing employee benefit plans (e.g., 401(k) or pension plans) against claims of mismanagement, improper investment decisions, or other breaches of fiduciary duty related to these plans.
- Crime Insurance: This protects against financial loss from criminal acts impacting the organization such as employee theft, fraud, business email compromise, or cyber extortion.
Who Needs Executive Liability Coverage?
Any organization with a board of directors, officers, or key decision-makers should consider executive liability insurance.
Publicly Traded Companies
These businesses face high scrutiny from shareholders and regulators, making operations without D&O insurance risky.
Private Companies And Nonprofits
These companies face significant risks from employees, customers, vendors, and regulatory bodies.
Request A Business Risk Review.
See what a review of your current insurance coverage uncovers. You may find that you’re adequately protected. You may find otherwise. Either way, you deserve to know for your peace of mind.