Even the most skilled professionals can make mistakes

Today, the demands of running a business and providing professional services to clients require firms to delegate management responsibilities to committees, partners or shareholders who may make company decisions. This management structure could expose these committees and individuals to the same liabilities faced by company officers.

Non-corporate entities and professional firms—including architects, engineers, lawyers and medical groups—may require specialized insurance for the decisions they make in the day-to-day management of their businesses.

Types of coverage

Few business events are more stressful than when directors and officers are named in a lawsuit. Our management liability insurance protects not only your corporate leaders, but also extends to the corporation itself, for certain types of claims, including:

  • Directors and officers
  • Errors and omissions
  • Employment practices
  • Miscellaneous professional
  • Fiduciary liability
  • Kidnap and ransom

Policy features

Our management liability policies may include important policy features and coverage for:

  • Claims brought by partners not involved in a firm's management (and not covered by traditional policies)
  • Claims of mismanagement or negligence
  • Partnership agreements and compensation disputes
  • Business torts (interference with contractual relations)
  • Punitive damages (where insurable by law)
  • Claims seeking contract enforcement
  • Claims against spouses
  • Claims against subsidiaries

Related products

Auto & Transportation

Our transportation services can be tailored to meet the specific needs of your business.

Bonding & Surety Services

Whether you need commercial, contract or subdivision bonds, we can help.

Captive Solutions

When you need to explore alternative risk financing strategies, we'll guide you through the options.

Commercial Flood

It's important to know your business is covered in the event of a flood.

Commercial Liability

Take proactive steps to lower the potential cost of liability insurance claims for you and your business.

Commercial Property

We get inside your operation to cover the risks you know about, and uncover the ones you don't.

Cyber Liability

Protect your business from ever-increasing internet-based risks.

International

Our incredible global reach extends to more than 130 countries.

Small Business

Businesses of all size need a little help anticipating the disruptions that could lead to financial loss.

Succession Planning

Mitigate potential damage to your business due to the loss of a key person.

Trade Credit

Insure your receivables and gain protection against demand fluctuations, natural disasters, harsh economies and customers who fail to pay.

Workers' Compensation

Affordable plans to protect your business and your employees.

Industry news

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June 2019 Business Insurance Newsletter

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May 2019 Business Insurance Newsletter

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April 2019 Business Insurance Newsletter

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McGriff Insurance Services, Inc. is a subsidiary of BB&T Insurance Holdings, Inc.

McGriff Insurance Services, Inc. CA License #0C64544.

Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of BB&T Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.