Risks exist for businesses every day. The goal of management and professional liability insurance is to shield you and your company from the potentially crippling expenses associated with those risks. Your customers, your reputation, your business, and even your assets could be in danger without adequate insurance coverage.
Suits and losses can originate from anywhere. To help you foresee those risks and choose the best coverage alternatives for your company, you need a dependable advisor with the necessary vision. With a wide selection of customizable management and professional liability insurance coverages, travelers can aid in protecting businesses of all sizes.
Professional and Management Liability Insurance
In addition to managed care organizations, healthcare organizations, community homeowners associations, nonprofit organizations, for-profit businesses, financial institutions, and professional services, travelers also provide specific policies for these organizations. You can choose coverage with Travelers that meets your particular business needs, obligations, and risks. Select a single policy with a range of coverages or a solo policy with single coverage. Travelers can change their behavior to fit you and your company.
Who Requires Professional Liability Insurance?
For protection against the specific risks that your company confronts when conducting business, think about purchasing management and professional liability insurance. The right insurance can offer your company the tools and the resources it needs to respond to a catastrophe, as well as the assurance that it is covered. This product suite can assist businesses in obtaining the coverage they need to succeed in today’s market, from employee-related difficulties to cyber hazards.
What is insurance for management and professional liability?
The line of insurance products that Travelers provide to assist and shield businesses from the hazards associated with conducting business in the twenty-first century is known as “management and professional Depending on whether your company was at fault or not, these risks may come from either your staff or customers. Customers may believe that you made a mistake that cost them money or damaged their reputation.
Cyber Risk Insurance
Cyber Risk insurance is made to pay for expenses like forensic investigations, legal fees, and regulatory defense costs as well as fines that come along with a cyber incident or a security breach.
Insurance for Directors & Officers (D&O)
D&O Liability insurance assists in covering defense expenses, awards, and settlements resulting from a real or claimed wrongdoing, including legal actions made against a board of directors and/or officials of an organization.
Workers' Compensation Liability Insurance
The defense costs and losses associated with employment-related claims, such as those alleging wrongful termination, discrimination, workplace harassment, and retaliation, are covered by this liability insurance.
Fidelity ERISA Insurance
This insurance protects employee benefit plans from financial harm brought on by theft, embezzlement, or other dishonest behavior.
Insurance for Financial Institutions: Property and Casualty
This insurance assists in addressing the liabilities associated with your business activities as well as the real and personal property that your financial institution possesses.