Management Liability - Ten Eyck Group

Management Liability

Board Liability & Management Services

The term “Executive Liability “ covers a broad spectrum of coverage vital to any management team. Traditionally, coverage has been offered to corporate executives for allegedly breaching their corporate duties, important because officers and directors may be held personally liable for their acts, errors, omissions or other wrongful conduct.

The term “Executive Liability “ covers a broad spectrum of coverage vital to any management team. Traditionally, coverage has been offered to corporate executives for allegedly breaching their corporate duties, important because officers and directors may be held personally liable for their acts, errors, omissions or other wrongful conduct.

Most management liability products include directors and officers, employment practices, third-party discrimination and fiduciary liability insurance. In addition to these core coverages, some carriers add one or more of the following: crime, kidnap and ransom, miscellaneous professional liability, Internet liability, intellectual property liability and coverage for workplace violence. By combining various coverages in one contract, the insured is less likely to encounter disputes among carriers or concurrency in coverage. The administrative burden for both insured and carrier is diminished, and more competitive pricing may be realized.

Any sound corporate body will most likely determine a need for several of the coverages provided by management liability providers. A thorough examination of a company’s management and charter, by-laws and employee practices procedures should be a priority for any business wishing to ensure its structural integrity.

Ten Eyck brokers and agents provide a detailed analysis of those areas subject to the various exposures and recommend important steps including but not limited to insurance coverage

Directors & Officers Liability

Employment Practices Liability

Fiduciary Liability

Employee Dishonesty

Crime Coverage