{"id":49458,"date":"2020-08-25T22:09:28","date_gmt":"2020-08-26T03:09:28","guid":{"rendered":"https:\/\/unicogroup.com\/?page_id=49458"},"modified":"2021-02-15T14:11:45","modified_gmt":"2021-02-15T20:11:45","slug":"management-liability","status":"publish","type":"page","link":"https:\/\/unicogroup.com\/business-insurance\/management-liability\/","title":{"rendered":"Management Liability"},"content":{"rendered":"[vc_row][vc_column][vc_btn title=”Business Coverages” style=”outline-custom” outline_custom_color=”#003a70″ outline_custom_hover_background=”#003a70″ outline_custom_hover_text=”#ffffff” size=”sm” align=”left” i_icon_fontawesome=”fas fa-arrow-left” add_icon=”true” link=”url:https%3A%2F%2Funicogroup.com%2Fbusiness-insurance%2F|title:Business%20Insurance||”][\/vc_column][\/vc_row][vc_row content_placement=”middle”][vc_column width=”1\/2″][vc_column_text]\n

What is management liability?<\/strong><\/span><\/h1>\n

Management liability is a hybrid policy that combines several coverages essential to standard business operations that are normally sold individually. These policies typically consist of Directors and Officers (D&O), Employment Practices Liability (EPLI), Fiduciary Liability, Professional Liability (E&O) and Crime Insurance.[\/vc_column_text][vc_btn title=”Contact an Advisor” color=”info” align=”left” link=”url:https%3A%2F%2Funicogroup.com%2Fcontact-us%2F%3Fsource%3Dmanagement-liability|title:Contact%20Us||”][\/vc_column][vc_column width=”1\/2″][vc_single_image image=”49809″ img_size=”600×450″ alignment=”center” style=”vc_box_rounded” css=”.vc_custom_1613419861199{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” content_placement=”middle” bg_type=”bg_color” bg_color_value=”#f5f5f5″][vc_column width=”1\/2″][vc_single_image image=”49897″ img_size=”600×450″ alignment=”center” style=”vc_box_rounded” css=”.vc_custom_1613419874266{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][\/vc_column][vc_column width=”1\/2″][vc_column_text]\n

What are the benefits of a combined policy?<\/strong><\/span><\/h2>\n

Management liability policies can offer a level of protection not available through individual coverages. The combined nature of the policies allow for fewer gaps and broader coverage definitions.<\/p>\n

Because smaller organizations statistically have fewer of these types of claims, it may also come at a reduced cost when compared with buying all of the included coverages individually. While the exposures will always be there, smaller businesses are unlikely to need every form of coverage every year. Combined policies share coverage between exposures to reduce premium costs.[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” gap=”10″ bg_type=”bg_color” bg_color_value=”#eff5f7″][vc_column][vc_column_text]\n

Parts of management liability<\/strong><\/span><\/h2>\n[\/vc_column_text][vc_row_inner content_placement=”middle” gap=”15″ el_class=”grow” css=”.vc_custom_1594924324619{background-color: #ffffff !important;border-radius: 10px !important;}”][vc_column_inner width=”1\/4″][vc_single_image image=”49816″ img_size=”300×300″ alignment=”center” style=”vc_box_rounded” css=”.vc_custom_1594924330109{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]\n

Directors and Officers Liability (D&O)<\/strong><\/span><\/h4>\n

Covers losses caused by a director or officer\u2019s alleged mismanagement or improper conduct.[\/vc_column_text][vc_btn title=”Learn More” style=”outline” color=”inverse” align=”left” link=”url:https%3A%2F%2Funicogroup.com%2Fbusiness-insurance%2Fmanagement-liability%2Fdirectors-and-officers%2F|title:Learn%20More||”][\/vc_column_inner][vc_column_inner width=”1\/12″ offset=”vc_hidden-sm vc_hidden-xs”][vc_column_text el_class=”anchor”]\n

D&O Anchor<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”middle” gap=”15″ el_class=”grow” css=”.vc_custom_1592876124232{background-color: #ffffff !important;border-radius: 10px !important;}”][vc_column_inner width=”1\/4″][vc_single_image image=”49890″ img_size=”300×300″ alignment=”center” style=”vc_box_rounded” css=”.vc_custom_1592876114481{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]\n

Employment Practices Liability (EPLI)<\/strong><\/span><\/h4>\n

Covers losses resulting from employment practices disputes, such as claims filed for discrimination, sexual harassment and wrongful termination.[\/vc_column_text][vc_btn title=”Learn More” style=”outline” color=”inverse” align=”left” link=”url:https%3A%2F%2Funicogroup.com%2Fbusiness-insurance%2Fmanagement-liability%2Femployment-practices%2F|title:Learn%20More||”][\/vc_column_inner][vc_column_inner width=”1\/12″ offset=”vc_hidden-sm vc_hidden-xs”][vc_column_text el_class=”anchor”]\n

EPLI Anchor<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”middle” gap=”15″ el_class=”grow” css=”.vc_custom_1592876162272{background-color: #ffffff !important;border-radius: 10px !important;}”][vc_column_inner width=”1\/4″][vc_single_image image=”49895″ img_size=”300×300″ alignment=”center” style=”vc_box_rounded” css=”.vc_custom_1592876151119{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]\n

Fiduciary Liability<\/strong><\/span><\/h4>\n

Covers losses resulting from mismanagement of employee benefit and pension plans.[\/vc_column_text][vc_btn title=”Learn More” style=”outline” color=”inverse” align=”left” link=”url:https%3A%2F%2Funicogroup.com%2Fbusiness-insurance%2Fmanagement-liability%2Ffiduciary-liability%2F|title:Fiduciary%20Liability||”][\/vc_column_inner][vc_column_inner width=”1\/12″ offset=”vc_hidden-sm vc_hidden-xs”][vc_column_text el_class=”anchor”]\n

Fiduciary Anchor<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”middle” gap=”15″ el_class=”grow” css=”.vc_custom_1592875927364{background-color: #ffffff !important;border-radius: 10px !important;}”][vc_column_inner width=”1\/4″][vc_single_image image=”49862″ img_size=”300×300″ alignment=”center” style=”vc_box_rounded” css=”.vc_custom_1592876016834{margin: 0px !important;padding: 0px !important;border: 0px initial !important;}”][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]\n

Errors and Omissions (E&O)<\/strong><\/span><\/h4>\n

Covers losses resulting from negligent acts, omissions or errors.[\/vc_column_text][vc_btn title=”Learn More” style=”outline” color=”inverse” align=”left” link=”url:https%3A%2F%2Funicogroup.com%2Fbusiness-insurance%2Fmanagement-liability%2Ferrors-and-omissions%2F|title:Errors%20and%20Omissions||”][\/vc_column_inner][vc_column_inner width=”1\/12″ offset=”vc_hidden-sm vc_hidden-xs”][vc_column_text el_class=”anchor”]\n

E&O Anchor<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” content_placement=”middle” gap=”15″ el_class=”grow” css=”.vc_custom_1599685380446{background-color: #ffffff !important;border-radius: 10px !important;}”][vc_column_inner width=”1\/4″][vc_single_image image=”49887″ img_size=”300×300″ alignment=”center” style=”vc_box_rounded” css=”.vc_custom_1592876186500{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]\n

Crime Insurance<\/strong><\/span><\/h4>\n

Covers losses resulting from employee or outsider criminal activity such as theft, fraud, forgery and employee dishonesty.[\/vc_column_text][vc_btn title=”Learn More” style=”outline” color=”inverse” align=”left” link=”url:https%3A%2F%2Funicogroup.com%2Fbusiness-insurance%2Fmanagement-liability%2Fcrime%2F|title:Crime%20Liability||”][\/vc_column_inner][vc_column_inner width=”1\/12″ offset=”vc_hidden-sm vc_hidden-xs”][vc_column_text el_class=”anchor”]\n

Crime Anchor<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\n

Related Insights<\/strong><\/span><\/h2>\n[\/vc_column_text][vc_basic_grid post_type=”post” max_items=”3″ item=”49338″ grid_id=”vc_gid:1613419698858-28cf1b5a-3c15-2″ taxonomies=”240″][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

Management liability is a hybrid policy that combines several coverages essential to standard business operations that are normally sold individually.<\/p>\n","protected":false},"author":20,"featured_media":49809,"parent":40794,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-49458","page","type-page","status-publish","has-post-thumbnail","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/pages\/49458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/comments?post=49458"}],"version-history":[{"count":0,"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/pages\/49458\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/pages\/40794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/media\/49809"}],"wp:attachment":[{"href":"https:\/\/unicogroup.com\/wp-json\/wp\/v2\/media?parent=49458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}