Management Liability
Help protect your clients’ board members and officers from claims alleging wrongful acts in the oversight and administration of the company by recommending Management Liability from Corix.
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Forward-Thinking Protection
As regulatory scrutiny, employment-related litigation, and investor activism increase, Management Liability coverage has become essential—not just for large corporations, but for private and small to low mid-market businesses as well. It serves to preserve both corporate and personal assets when allegations arise from stakeholders, employees, competitors, or regulators. The defense costs alone in these cases can be financially devastating, even when claims are ultimately dismissed. A properly structured policy ensures that businesses and their leaders can defend themselves without impairing operational cash flow or risking bankruptcy.
Coverage Highlights
Option to choose out-of-network (outside panel) defense counsel, subject to conditions (i.e., co-insurance, etc.)
Crisis Management Expense coverage
Ability to add Pre-claim Assistance Extension with no retention
Coverage Options
Directors & Officers (D&O) Liability
Employment Practices Liability (EPL)
Fiduciary Liability
Why It's Critical For Your Clients
Personal Liability
Business owners often serve as directors or officers and can be held personally liable for decisions made on behalf of the company.
Legal Fees
Even baseless claims can cost tens of thousands of dollars in legal fees to defend.
Corporate Governance
Demonstrates a commitment to corporate governance, making it easier to attract qualified executives or board members.
Expert Insights
Management Liability insurance plays a critical role in the risk portfolio of small and low mid- market businesses. While many brokers traditionally focus on core property and casualty lines, Management Liability is where we increasingly see the most severe and unexpected exposures—especially for private and nonprofit entities. D&O claims, EPL suits, and fiduciary liability allegations have become more frequent and costly, often stemming from common operational decisions or employment-related actions. These are not just issues for public companies; in fact, private businesses often lack the internal resources or legal buffers to weather such claims without significant financial and reputational damage.
For brokers serving the small to low mid-market segments, offering Management Liability coverage is not just an opportunity—it’s a responsibility. These businesses are more exposed than ever to claims from employees, shareholders, competitors, and regulators. By including this coverage in your risk management discussions, you position yourself as a strategic advisor who understands the evolving liability landscape. Helping clients secure a Management Liability policy not only protects their balance sheets and leadership teams, but also reinforces your role as a trusted partner in their long-term success. This line of coverage is no longer optional—it’s essential.
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Coverage for regulatory actions, investigations, and certain types of claims may be limited or excluded. Crisis management expense coverage is subject to sublimits. Coverage for pre-claim assistance is subject to specific terms and conditions. The availability of specific coverage modules and enhancements varies by policy form and jurisdiction.
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