Management Liability Insurance – Protect Your Leadership and Business

Comprehensive coverage for directors, officers, and your company against financial risks, claims, and lawsuits.

Home
Commercial Insurance
Management Liability

Why Management Liability Insurance is Critical for Your Business

Running a business involves tough decisions—but those decisions come with risks. Management liability insurance protects your leadership team and organization from financial losses caused by lawsuits or claims.

Key Benefits:

Protects your directors and officers from personal liability.
Covers legal expenses, settlements, and judgments.
Shields businesses from employee claims and regulatory investigations.

One mistake or lawsuit shouldn’t jeopardize your company or leadership team.

What is Management Liability Insurance and What Does It Cover?

Management liability insurance is a comprehensive package designed to protect businesses and their executives from leadership-related risks. It includes Directors & Officers (D&O) Insurance, which shields executives from personal liability stemming from management decisions. Employment Practices Liability (EPL) covers claims related to wrongful termination, discrimination, or harassment. Fiduciary Liability Insurance provides protection against allegations of mismanagement of employee benefit plans. Without management liability insurance, leaders could face significant personal financial loss in the event of a lawsuit.

Directors & Officers (D&O) Insurance

Defends against claims of mismanagement, negligence, or breach of duty.
Covers personal liability for directors and officers.

Employment Practices Liability (EPL)

Protects against lawsuits related to:

Wrongful termination
Workplace discrimination
Sexual harassment

Fiduciary Liability Insurance

Covers claims for mismanaging employee benefits like retirement plans.

Example Scenario: If an employee sues your company for wrongful termination, management liability insurance covers legal fees and settlement costs.

Who Needs Management Liability Insurance?

Any business with a leadership team, employees, or stakeholders can benefit. This includes:

Small and Medium Businesses: Protection for directors and officers as they grow.
Nonprofits: Shielding board members from claims of mismanagement.
Private Companies: Covering risks of employment lawsuits and financial mismanagement.
Public Companies: Meeting regulatory compliance and protecting decision-makers.

If you have leadership making decisions, you need management liability insurance.

Why Management Liability Insurance Is Essential & What Affects the Cost

Leadership decisions come with significant risks, and without management liability insurance, your business could face:

Personal Financial Loss – Directors and officers could be held personally liable.
Legal Costs – Lawsuits can be expensive, even if you win.
Reputational Damage – Claims can impact your leadership team’s credibility.

The cost of coverage depends on several factors, including:

Business Size and Industry – Larger or high-risk industries face higher premiums.
Number of Directors/Officers – More leaders mean increased coverage needs.
Claims History – Past lawsuits can impact pricing.
Coverage Limits and Deductibles – Higher limits provide more protection but come at a greater cost.

How to Get Management Liability Insurance in South Carolina

We make it simple to secure your coverage:

Request a Free Consultation

Fill out our online form or give us a call.

Customize your Policy

Work with our experts to choose the right coverage.

Get Covered Fast

Start being protected immediately.

One quick step now can save you thousands later.

Why Your Business Can’t Afford to Skip This Coverage

Leadership decisions carry high stakes. Without protection, you could face:

Personal Financial Loss: Directors or officers could be held personally liable.
Legal Costs: Lawsuits are expensive—even if you win.
Reputational Damage: Claims can impact your leadership team’s reputation.

Management liability insurance ensures peace of mind for your leaders and stakeholders.

Common Questions About Management Liability Insurance

What is management liability insurance?

It’s a bundle of coverages that protects directors, officers, and businesses from leadership-related claims and lawsuits.

Who needs management liability insurance?

Any business with decision-makers, employees, or stakeholders can benefit from this coverage.

How does D&O insurance differ from general liability insurance?

D&O insurance specifically protects executives from claims tied to management decisions, while general liability covers physical accidents or property damage.

How much does management liability insurance cost?

Costs vary based on your business size, industry, coverage limits, and claims history.

Take the Next Step: Protect Your Business Today

Don’t wait for an accident to happen. Protect your business with affordable, reliable commercial general liability insurance.

Commercial insurance

Personal Insurance