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Management Liability Insurance

Management Liability Insurance (MLI) from Selective can help protect your privately owned business or not-for-profit organization from financial losses not typically covered under standard commercial general liability policies.

To help you get the right coverage for your needs, Selective offers a suite of MLI products: directors and officers liability, employment practices liability, and fiduciary liability.

Watch this video to explore the benefits of how Management Liability Insurance coverage for your business can provide insurance for managers of your business that otherwise would not be covered with general liability insurance.
  • Directors and Officers Insurance (D&O) helps protect your organization’s leaders from losses due to claims such as misrepresentation, misuse of funds, or breach of fiduciary duty. D&O coverage can help you attract new talent by offering protection for people in more flexible roles.
  • Employment Practices Liability Insurance (EPLI) addresses claims filed by employees or third parties alleging wrongful employment practices like discrimination or sexual harassment. Broad EPLI coverage can help you find and keep reliable people to fulfill your operational needs.
  • Fiduciary Liability Insurance (FLI) applies to alleged breaches of duty in connection with the selection and management of health and welfare benefit plans offered by your organization. FLI can help your managers focus on providing the most competitive and comprehensive employee benefits.
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Directors and Officers (D&O) Liability

Your leaders make decisions on behalf of your business or not-for-profit organization. These choices can impact your customers, clients, lenders, vendors, donors, and employees. Some decisions may also violate guidelines from various government agencies and regulatory bodies.

Without D&O insurance, a lawsuit or investigation brought against your leaders for their decisions could disrupt your operations and cause financial hardship. A D&O policy from Selective can help defend you, your leadership, and your privately owned business or not-for-profit organization. You’ll also enjoy expert claims handling from our team of insurance professionals.

Management liability insurance professionals discuss the benefits of management liability coverage for businesses and not-for-profit organizations.

D&O coverage highlights include:

  • An inclusive definition of “insured persons’ that covers more individuals, including those who sit on boards, such as independent contractors, shadow directors, LLC managers, board observers, de facto directors, and functional equivalents.
  • Limits over the D&O limit dedicated to “insured persons”.
  • Automatic coverage for newly created or acquired “subsidiaries” without any reporting requirement.
  • Additional limits for Donation Assurance and Crisis Management Response Expenses for not-for-profit organizations.
  • Additional defense limit options and defense outside the limits available for not-for-profits.
Talk to an Agent about D&O
Talk to an Agent about D&O

Employment Practices Liability Insurance (EPLI)

Your privately owned business or not-for-profit organization probably hires, fires, promotes, assigns job responsibilities, and compensates employees regularly. These decisions keep your operation running, but their outcomes may lead to allegations of unlawful employment practices such as discrimination, harassment, and wrongful termination.

Defending your business against an employment practice claim can take time, money, and focus away from your goals. Employment Practices Liability Insurance (EPLI) from Selective can help defend you against allegations of wrongdoing, whether or not they have merit, while you continue to run your business.

Employment practices liability insurance is a type of management liability coverage that can help defend your organization from an employment practice claim.

EPLI coverage highlights include:

  • Beyond basic coverage for wrongful termination, harassment, and discrimination, Selective’s EPLI includes discrimination claims based on gender identity or expression, sexual orientation or identity, and genetic information.
  • Extended reporting window for some EPLI claims of up to 365 days after the policy period ends.
  • Enhanced coverage through endorsements, including sub-limits for Wage and Hour and/or Employee Privacy Claims and optional limits for Workplace Violence.
  • Access to Selective Human Resources Essentials®, providing unlimited free access to HR professionals and resources.
Talk to an Agent about EPLI
Talk to an Agent about EPLI

Fiduciary Liability

Competitive health and welfare benefit plans can help your organization attract and retain talented employees and other staff. However, choosing and administering retirement and healthcare plans can expose your leaders to claims of negligence, errors or omissions in their administration, or breaches of duty. A fiduciary liability policy from Selective can help cover defense expenses, settlements, and various fines and penalties related to these types of claims.

Executives at a not-for-profit organization discuss the benefits of adopting fiduciary liability insurance, which is a type of management liability coverage.

Fiduciary liability coverage highlights include:

  • Broad definition of “benefit plan” is designed to cover qualified and unqualified plans under ERISA (Early Income Retirement Security Act).
  • Definition of "employee benefit plan" covers a broad spectrum of plan options, including newly formed or created plans.
  • Various sub-limits available for oversight and compliance claims situations.
Talk to an Agent about FLI
Talk to an Agent about FLI
Management liability insurance can help not-for-profit organizations attract and retain top leadership talent.

3 QUESTIONS ABOUT MANAGEMENT LIABILITY INSURANCE

Jeff Weaver, AVP of MLI at Selective Insurance, explains how evolving MLI products can impact businesses and NFPOs by helping ensure their leaders are sufficiently covered.

Learn How MLI Can Benefit Your Not-for-Profit Organization
Learn How MLI Can Benefit Your Not-for-Profit Organization

PROTECT YOUR ORGANIZATION WITH MANAGEMENT LIABILITY INSURANCE FROM SELECTIVE

D&O, EPLI, and Fiduciary Liability Insurance can help protect your privately owned business or not-for-profit organization from financial losses due to lawsuits and other legal claims and help attract and retain talent on the board and in staff roles. Talk to your independent insurance agent about Management Liability Insurance today.

FREQUENTLY ASKED QUESTIONS ABOUT MANAGEMENT LIABILITY INSURANCE

Is MLI from Selective available without package support?

Can I combine MLI with my current package bill?

How can I get a quote for Management Liability Insurance?

NEED TO REPORT A CLAIM?

You can quickly and easily file a management liability claim online 24/7 with your MySelective account or on our award-winning MySelective Mobile app.

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FIND A LOCAL INDEPENDENT AGENT

Our trusted agency partners can help you assess risks and choose the right insurance coverage to help protect your organization.