Management liability insurance shields company directors, officers, and managers from personal financial losses stemming from claims of mismanagement, negligence, or wrongful acts committed in the course of their duties.
This crucial coverage encompasses legal defense costs, settlements, and judgments related to claims such as breach of fiduciary duty, employment practices violations, or regulatory investigations. It provides vital protection for key individuals in businesses of all sizes, safeguarding them against potentially devastating personal liability risks associated with their managerial roles.