Get EORisk Application for B&M Indemnity Insurance 2009-2024

Management Liability Insurance protects individuals and the company in relation to the various exposures associated with managing a company. A Management Liability policy covers claims made against the company itself as well as for claims made against the company's directors and officers.

Professional Liability can cover all employees or specifically named employees depending on your industry and the type of policy you get. Inversely, Management liability only covers directors and officers – it does not extend to the rest of your staff.

Management liability, also known as directors and officers' insurance, includes extra coverage for the individual directors or officers of a business for their official company actions. Long story short, it's coverage for your managers. That's the big difference between it and professional liability.

Theft of stock The stock was stolen and on sold by the manager and employee over a two year period. The total loss to the company was in excess $20,000. The owners were able to make a claim for this amount under their Management Liability Policy.

Management liability insurance is a package of insurance policies designed to protect a business and its directors, officers, board members, managers and administrators from lawsuits alleging mismanagement. This type of coverage protects against risks that are not covered under a commercial general liability policy.