Management liability, including directors and officers coverage, responds to claims against owners, directors and managers over how they run the organization.
What it generally covers
- Claims against directors and officers
- Legal defense
- Entity coverage, when included
- Often packaged with employment practices and fiduciary coverage
Where gaps often hide
- Whether the company itself is covered, or only individuals
- Conduct and prior-knowledge exclusions
- Claims-made timing
Questions worth asking
- Who is an insured person?
- What conduct exclusions apply?
- Is entity coverage included?
General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.