EXECUTIVE LIABILITY INSURANCE
Executive liability insurance is designed to provide financial compensation if legal action or a disagreement associated with your organization’s highest-ranking employees requires payment. Get started now with an application, or inquire about your coverage options below.
Executive Liability Coverage
We offer comprehensive executive liability insurance for public, private, and nonprofit corporations that can safeguard directors, managers, and officers from potential liabilities that could surface from a lawsuit. Plans like this are vital for protecting organizations that can’t afford to risk any financial loss.
That’s why more companies are enrolling in executive liability insurance policies that may mitigate the financial burden of legal judgments or expenses associated with the following instances:
- Alleged employee discrimination
- Losses due to organizational mismanagement or theft
- Criminal acts committed by leadership while on the job
- Fiduciary liabilities
- And other acts of bad faith or employee malpractice
Our goal is to provide an individualized solution that adequately covers you and your business from expenses that arise in instances like these. If you wish to learn more, we invite you to schedule a consultation with our insurance experts in your industry to discover how partnering with the right team will elevate your benefits with added security.
Contact us today and see the difference having the right insurance provider can make to your business.
WHAT IS EXECUTIVE LIABILITY INSURANCE?
Executive liability insurance is available to businesses and nonprofits of different sizes and needs. A policy like this aims to add another layer of protection with coverage that may reimburse your legal expenses or losses when a manager, executive, director, or high-ranking employee involves your organization in legal action.
This kind of insurance has become a standard among business leaders because it could make the difference between significant losses from unfavorable judgments and mitigating payments. More teams are also gaining executive liability insurance to attract high-quality candidates to protect their assets from litigious behavior.
HERE, YOU HAVE OPTIONS
We know insurance doesn’t always deliver a one-size-fits-all solution. That’s why our executive liability insurance allows teams to curate their coverage.
This enables an organization to individualize a plan based on their needs and allows them to offer more control over premiums. Therefore, you have the choice to enroll in full coverage or pick from the following elements to create a customized plan.
Directors and Officers (D&O) Liability Insurance: The D&O section of an insurance policy provides protection for executives facing allegations of mismanagement, negligence, fiduciary malpractice, and other violations. The primary goal is to protect their assets while offering financial assistance for legal defense expenses, settlements, or judgments arising from such accusations.
Employment Practices Liability Insurance (EPLI): Consider EPLI as a safeguard that can shield both a company and its executives from financial burdens caused by legal costs and damages resulting from actions brought by current or former employees. This coverage is helpful if allegations of employee discrimination, harassment, wrongful termination, and other alleged employment-related misconduct surface.
Fiduciary Liability Insurance: This section of the insurance policy provides financial protection for businesses in the event of claims regarding mismanagement, improper investment choices, or other breaches of fiduciary duty. The objective of fiduciary liability insurance aims to offer coverage when an employee mishandles 401(k) plans or other employee benefits.
SEE THE DIFFERENCE THE RIGHT INSURANCE PARTNER CAN MAKE
Since 1988, we’ve provided an extensive range of products to cater to the unique insurance needs of businesses nationwide. Including executive liability coverage, we offer our clients a variety of business insurance options, individual plans, employee benefits, court bonds, and various other industry specific solutions.
Schedule a consultation with an insurance expert to learn more about our individualized business policies. You can do that by filling out our contact form or calling us directly at 800.735.8325.
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