Management Liability Policy

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Description

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Named Insured

Legal name of the individual or organization insured under this policy.

Named Insured Address

Mailing address of the insured entity, including street, city, state, and ZIP code.

Policy Effective Date

Start date of management liability coverage.

Policy Expiration Date

End date of the coverage period.

Policy Number

Unique identifier assigned to the management liability policy.

Insurer Name

Insurance company providing the management liability coverage.

A.M. Best Rating

Financial strength rating of the insurer at the time of issuance.

Insurer Status

Indicates whether the insurer is admitted or non-admitted in the issuing jurisdiction.

Continuity Date

Date used to determine whether incidents or claims were known prior to the policy’s inception.

Combined Maximum Aggregate Limit

Total maximum payout for all covered claims during the policy period.

Executive Liability (D&O) Limit

Coverage limit for directors, officers, and executives named in management-related claims.

Executive Indemnification Limit

Limit for reimbursement to the insured company for indemnifying executives involved in claims.

Organization Liability Limit

Maximum coverage for claims brought directly against the insured entity.

Employment Practices Liability (EPL) Limit

Coverage limit for employment-related claims (e.g., harassment, discrimination, retaliation).

Fiduciary Liability Limit

Coverage for claims involving mismanagement of employee benefits or pension plans.

Professional Liability (E&O) Limit

Limit for claims arising from errors, omissions, or negligence in professional services.

Investor Defense Coverage

Coverage for defense costs arising from shareholder or investor claims.

Shareholder Derivative Demand Costs

Coverage for legal expenses tied to shareholder derivative actions.

Voluntary Compliance Program Limit

Coverage limit for voluntary disclosures to regulatory bodies under government compliance programs.

Wage and Hour Defense Coverage

Limit for defense costs related to wage and hour labor claims (coverage may be sublimited).

Employed Lawyers Liability Coverage

Applies to legal liability for acts committed by in-house legal counsel.

Biometric Claims Coverage

Coverage for claims related to biometric data collection and privacy violations.

Nuclear Energy Liability

Statement of inclusion/exclusion of nuclear exposures, if applicable.

Prior Acts Coverage

Indicates whether incidents occurring before the policy effective date are covered.

Total Policy Premium

Annual premium charged for the policy, excluding taxes and fees.

Taxes, Fees, and Surcharges

Breakdown of applicable taxes, broker fees, and other surcharges.

Payment Terms / Installments

Policyholder’s selected billing structure (e.g., annual, semi-annual, quarterly).

A management liability policy protects organizations and their executives against claims related to management decisions, employment practices, fiduciary responsibilities, and professional services. It includes key policyholder details, coverage dates, insurer information, continuity date, and policy number to ensure accurate identification and underwriting.

Feathery’s AI extracts critical data such as coverage limits for D&O, Executive Indemnification, Organization Liability, EPL, Fiduciary, and E&O, along with specialized coverages like Investor Defense, Wage and Hour Defense, Shareholder Derivative Costs, and Biometric Claims. The system also captures prior acts coverage, premium amounts, taxes, fees, and payment terms, streamlining policy review and reducing manual effort.

Related templates

ACORD 25

ACORD 26

ACORD 27

Management Liability Quote

Management Liability Application