Management Liability
Businesses mitigate risk in a variety of ways, with one of the most important being insurance coverage. Business insurance products are complex, and require thoughtful risk management strategy in underlying and excess liability policies to avoid gaps in coverage. Conner Insurance helps businesses in all 50 U.S. states accomplish all of the above. Contact us at (317) 808-7711 to speak to an advisor.
Directors & Officers Insurance
Directors and officers insurance protects the personal assets of corporate officers and even their spouses. Sometimes, people pursue individuals in addition to a company. This happens for different reasons. In the event it happens to your business, this insurance acts as a safeguard.
Employment Practices Liability
Today’s society tends to be fairly litigious. Employees sometimes sue their employers both with and without merit. Employment practices liability helps cover the costs of defense, which can be both immense and timely.
Fiduciary Liability
Fiduciary agents may be nonprofit board members or for-profit officers responsible for managing employee pensions, savings, benefits, and more. With such a fiduciary responsibility comes risk. Fiduciary liability insurance manages that risk.
Manage Liability
Failure to obtain, review, and update certificates of insurance can spell disaster to your business or to those with whom you contract. In fact, doing business requires successful administration and record-keeping of these very important documents to minimize risk and manage liability. The more insurance a company has, the more complex and time-intensive the process is. Let one of our advisors manage this process for you so that you can focus on what matters most: your business.
Frequently Asked Questions
What is Management Liability?
Management Liability is a hybrid policy that combines several coverages essential to standard business operations that are normally sold individually. Policies commonly include: Director’s & Officers Liability, Employment Practices Liability, Fiduciary Liability, Professional Liability and sometimes Crime Insurance.
The purpose of a D&O liability insurance policy is to provide coverage for damages, judgments, costs and defense of legal actions, claims or proceedings. The coverage provides the following protection: 1. Protection of personal assets, as well as spouse’s, 2. Defense regardless of whether or not allegations are true 3. Resources for defending the claim
From the moment that you start the pre-hiring process until the exit interview, you are vulnerable to an employment-related lawsuit. EPL protects against wrongful termination, discrimination or sexual harassment suits from your current, prospective or former employees. This coverage applies to directors, officers and employees, and can also extend to third party liabilities, depending on carrier forms.
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Other Types of Insurance
Businesses expose themselves to all types of risk. In addition to excess liability coverage, you may also consider:
Serving Indiana and Beyond
Conner Insurance has been in business for over 70 years and through three family generations. Located in Indiana, we serve local cities such as Carmel, Westfield, Fishers, Indianapolis, and Brownsburg. However, we insure people and businesses in all 50 U.S. states. In addition to commercial insurance, we also offer benefits, human resources consulting, and personal insurance policies. Contact us at (317) 808-7711 to speak to an insurance advisor or to get a quote.
