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Is D&O management liability?

default avatarPlan Cover Staff asked 3 weeks ago

1 Answers

Best Answer

default avatarSrinivasan Mahadevan Staff answered 3 weeks ago
D&O insurance covers directors and officers for damages and defence costs as well as other related costs incurred due to claims against them, demanding damages as a consequence of financial losses. This Insurance provides financial protection for the organisation in the event of a claim against their directors, officers and key employees for an alleged wrongful act in a managerial or supervisory role. 
Management Liability Insurance is an insurance that covers exposures faced by directors, officers, managers, and business entities that arise from governance, benefits, and management activities (also called “executive liability insurance”). This includes :

  • Directors and officers (D&O) liability insurance
  • Employment practices liability (EPLI) insurance
  • Fiduciary liability insurance
  • Special crime insurance covering kidnap, ransom, and extortion risks.

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