Management Liability
Managing employees can be stressful and when you’re stressed, you can make irrational decisions. While your sole intent may be to grow your business without unnecessary interference, these actions may result in a suit brought by an uneasy employee or ex-employee.
Hiring and terminating employees, wage and hour disputes, fiduciary of a retirement plan and benefits are all exposures that can lead to the directors and officers of your business being named in a suit. This leaves them exposed to both personal and corporate liabilities.
In the age of “me too” and the surge of management suits, it is essential for employers to have the proper protection against these occurrences that can happen in any operating business.
Management Liability packages offer a variety of products that fit your exposure as an employer.
Employment Practices Liability Insurance (EPLI):
This coverage is designed for claims that arise out of wrongful employment acts such as; harassment, discrimination, wage and hour disputes and more. Employment lawsuits are occurring at a rapid pace in the workforce and your liability begins from interviewing job candidates all the way through to post-employment affects.
Directors & Officers Liability (D&O):
While corporations are usually the first to be named in an employment suit, the individual officers are also at risk and personal assets may get tied up in a claim. Senior executives and companies that have board members handling decision making should consider a D&O policy to cover their personal assets.
Cyber Liability Insurance:
Protect your exposure to cyber-attacks that can breach confidential information of your clients and create a major PR issue. Companies that hold personal identifiable information such as CPA firms or retailers are constantly at risk of their client’s sensitive information. Cyber Liability policies help businesses recover from these attacks by covering expenses to recover lost information and protocols to notify respond to victims in a timely manner.
Hiring and terminating employees, wage and hour disputes, fiduciary of a retirement plan and benefits are all exposures that can lead to the directors and officers of your business being named in a suit. This leaves them exposed to both personal and corporate liabilities.
In the age of “me too” and the surge of management suits, it is essential for employers to have the proper protection against these occurrences that can happen in any operating business.
Management Liability packages offer a variety of products that fit your exposure as an employer.
Employment Practices Liability Insurance (EPLI):
This coverage is designed for claims that arise out of wrongful employment acts such as; harassment, discrimination, wage and hour disputes and more. Employment lawsuits are occurring at a rapid pace in the workforce and your liability begins from interviewing job candidates all the way through to post-employment affects.
Directors & Officers Liability (D&O):
While corporations are usually the first to be named in an employment suit, the individual officers are also at risk and personal assets may get tied up in a claim. Senior executives and companies that have board members handling decision making should consider a D&O policy to cover their personal assets.
Cyber Liability Insurance:
Protect your exposure to cyber-attacks that can breach confidential information of your clients and create a major PR issue. Companies that hold personal identifiable information such as CPA firms or retailers are constantly at risk of their client’s sensitive information. Cyber Liability policies help businesses recover from these attacks by covering expenses to recover lost information and protocols to notify respond to victims in a timely manner.