Management liability

Directors and officers of organizations, whether public, private, or not-for-profit, are facing higher scrutiny than ever before because of exposures such as economic volatility, bankruptcies, employee layoffs, and more.

Across various company structures and industries, our directors and officers (D&O) solutions from Ironshore can help protect a business and its leaders against costly lawsuits related to issues such as:

• Breach of fiduciary duty
• Libel, slander, or defamation
• Noncompliance with regulation or laws
• Reporting errors or misrepresentation

Coverage highlights:

• Private and not-for-profit: capacity up to $25M on primary and excess basis
• Public companies: capacity up to $25M on excess basis
• Full entity coverage
• A single retention for related wrongful acts
• No panel counsel requirement
• No hammer clause
• Side A with difference-in-conditions (DIC) enhancements for public and private organizations

Personnel activities, such as interviews, performance reviews, promotions, and even dismissals, are all regular aspects of running a business, but they can also create exposures when current, past, or potential employees allege discrimination or other wrongful employment practices.

Our employment practices liability insurance (EPLI) solutions from Ironshore can help protect public, private, and not-for-profit companies against claims made by employees alleging wrongful termination, discrimination, sexual harassment, retaliation, and other employment-related issues.

Coverage highlights:  

• Capacity up to $25M on primary and excess basis
• Full entity coverage
• Coverage for more than 20 enumerated employment practices acts
• No hammer clause
• Single retention for related employment wrongful acts
• No panel counsel requirement
• Optional duty to defend
• Coverage for mental anguish and emotional distress

Across industries and entity types, from financial institutions to manufacturing, from public to private, and from government to not-for-profit, businesses are increasingly at risk for criminal schemes. Our fidelity and crime insurance solutions from Ironshore help protect organizations from losses because of criminal activity by people inside or outside the organization, including:

• Employee theft (first-party coverage, third-party crime, ERISA-employee benefit plans)
• Forgery or alternation
• Inside the premises — theft of money/securities and robbery/safe burglary of other property
• Computer fraud
• Money orders and counterfeit money

Coverage highlights:

• Capacity up to $35M on a primary or excess basis
• Ability to coordinate coverage with other property and casualty and management and professional liability products
• Worldwide capabilities

Fiduciaries of employee benefit plans carry great responsibility for holding employee funds as well as their trust. Our employee benefit plan fiduciary liability insurance solution from Ironshore helps safeguard directors, officers, and other fiduciaries as well as employee benefit plans against risks related to the Employee Retirement Income Security Act (ERISA).

Coverage highlights:  

• Capacity up to $25M on primary and excess basis
• Coverage for the sponsor organization, its subsidiaries, employees, fiduciaries, and its covered plans
• Coverage for various acts in the administration of covered plans
• Protection for the sponsor organization’s pension and welfare benefit plans
• Punitive damages coverage
• Endorsements for:
  • Health Insurance Portability and Accountability Act (HIPAA) coverage
  • Investment loss coverage
  • Voluntary compliance loss coverage

Public officials make many professional decisions as they serve their communities, any of which could result in a lawsuit alleging a poor choice or breach of duty. Our public officials liability solution from Ironshore can help protect public officials and the agencies, commissions, and authorities they serve against allegations of wrongful acts.

Coverage highlights:

• Capacity up to $25M on a primary or excess basis
• Defense costs for nonmonetary relief
• Coverage of defense against land use dispute claims
• Crisis management coverage
• Coverage for volunteers
• Employment practice liability coverage (included, with optional endorsements for law enforcement and fire departments)

As administrators, trustees, and board members manage the shifting educational environment, they also face risks due to issues such as disciplinary action, failure to educate, noncompliance with state and federal regulations, and more. Our school leaders liability solutions from Ironshore help protect school leaders as well as the teachers, substitutes, and assistants under their direction against claims of wrongful acts.

Coverage highlights:

• Capacity up to $25M on a primary or excess basis
• Duty to defend form
• Employment practices liability coverage with third party included
• Definition of employee includes independent contractors
• Broad definition of wrongful act, including coverage for failure to educate
• Endorsements for:
  • Crisis management coverage
  • Crisis management services
  • Desegregation claim defense
  • Educational entity with healthcare operations
  • Individualized Education Plan (IEP) due process hearing claim coverage