EXECUPRO

Management Liability Insurance

Monarch E&S is proud to offer executive, professional and cyber liability coverage through our sister company, CSRisks. CSRisks is a leading executive, professional and cyber liability wholesale insurance brokerage. Their knowledgeable experts provide analytical capabilities, a consultative approach and expert insurance broking services. With access to over 30 A rated insurance carriers, both admitted and non-admitted, their specialization means they quickly provide the cost-effective coverage and analysis retail agents rely on.

What Is Management Liability Insurance?

Management liability insurance is a combination of critical coverages designed to protect directors, officers, managers, and business entities from exposure arising from:

Governance
Finance
Benefits
Management Activities

Also referred to as Executive Liability Insurance, this includes:

Directors and Officers Liability (D&O)
Employment Practices Liability (EPL)
Fiduciary Liability (FL)
Kidnap, Ransom, and Extortion (K&R)
Commercial Crime Insurance (Crime)

These coverages may be written as stand-alone insurance policies or combined into a single package policy.

Who Needs Management Liability Insurance?

For directors and officers, management liability insurance serves as a form of personal financial protection against claims that could arise from their decisions and actions taken in their official capacities.

For the business entities themselves, management liability insurance provides a layer of financial security, helping to absorb the costs associated with defending against lawsuits, settlements, or judgments that may result from allegations of mismanagement.

By offering coverage for a range of exposures including governance, finance, benefits, and management activities, management liability insurance ensures that both the individuals in leadership positions and the entities they serve are adequately protected.

Why Do Individuals or Businesses Need Professional Liability Insurance?

Today’s directors, officers, managers and business leaders face a multitude of workplace-related liabilities. We offer the industry’s most comprehensive and robust list of specialty insurance solutions to meet their needs and protect them from risk. Management liability insurance encompasses critical coverages designed to address the unique risks faced by directors, officers, and organizations.

Management liability insurance provides not only financial protection but also peace of mind for those in leadership positions.

This coverage is indispensable in today’s litigious environment, where allegations of mismanagement can arise from various stakeholders, including employees, shareholders, and regulatory bodies. By covering legal fees, settlements, and judgments, management liability insurance ensures that these challenges do not jeopardize the financial stability of the organization or the personal assets of its leaders.

Management Liability Products & Solutions

Management Liability Insurance with CSRisks

Coverage Eligibility

Private entities
Not for profit entities
Financial Institutions
Healthcare
Healthcare entities

Policy Highlights

Choice of separate limits available
Modular policies
One convenient application for all coverages
Flexibility for enhancements and coverages to meet every client’s needs

Coverage Classes

While all organizations can benefit from management liability insurance, it is particularly important for entities that operate in highly regulated industries, have complex employment practices, manage significant financial transactions, or oversee employee benefit plans. Privately held firms, not for profit organizations, and small publicly traded companies find value in management liability coverage due to their specific risk exposures and governance structures.