Executive Liability

Executive Liability insurance coverage protects your company executives and decision-makers from personal liability arising from their leadership roles. It covers claims brought against them for wrongful acts, errors, or omissions made while performing their duties. These claims can come from various stakeholders, including employees, shareholders, clients, or regulatory bodies.

Key Types of Executive Liability Insurance:

• Directors and Officers (D&O) Insurance: Protects directors and officers from personal financial loss due to claims of mismanagement, breach of fiduciary duty, or other wrongful acts.
• Employment Practices Liability (EPL) Insurance: Covers claims related to employment issues, such as wrongful termination, discrimination, harassment, or breach of employment contracts.
• Fiduciary Liability Insurance: Protects executives responsible for managing employee benefit plans, such as pensions or healthcare, from claims of mismanagement or breach of fiduciary duty.
• Crime and Cyber Liability Insurance: Protects against financial loss from fraud, embezzlement, or cyberattacks that could occur under executive oversight.

Executive liability insurance helps shield personal assets of key leaders and mitigates the financial risk for businesses when legal claims arise due to decisions or actions taken by executives.