Management Liability or sometimes referred to as Directors and Officers (D&O) insurance covers wrongful acts of your firm’s directors and officers. If you are a business that has shareholders, investors or outside money, you will definitely want to consider this coverage.
Sometimes added to the D&O policy or it can be purchased standalone is Employment Practices Liability Insurance, (EPLI). Employment Practices Liability Insurance will cover the business from law suits brought by your employees. This policy will cover claims made by employees for alleged discrimination, wrongful termination, sexual harassment or other employment related issues.