Management Liability

Management liability insurance for private companies and nonprofits

Management liability insurance combines leadership, employment and fiduciary liability coverage into one integrated program. It’s built specifically for private companies and nonprofits that need coordinated leadership protection without managing three separate, standalone insurance policies.

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Why It Matters

Separate policies can leave gaps between them

Private companies and nonprofits often place directors and officers, employment practices and fiduciary coverage as separate policies that were never designed to coordinate with each other. A claim touching more than one of these areas, such as a governance dispute that also raises an employment allegation, can reveal a disconnect between policies precisely when coordinated coverage matters most.

HUB's Approach

A structure assessed for your organization, not assumed

HUB’s Professional and Executive Risk (ProEx) advisors begin by assessing an organization’s ownership structure, board composition and employment practices to determine which program structure fits its specific exposure. For most private companies and nonprofits, whose governance and liability profile typically does not require the scale of separately placed, higher-limit policies that larger public companies carry, that assessment points toward a single combined program rather than three separately renewed policies. In a combined structure, directors and officers, employment practices and fiduciary coverage are designed to work together from the outset. Side-A difference-in-conditions (DIC) coverage is often assumed to be a public company product, but for private company and nonprofit boards it can be the only coverage standing between a director and their personal assets when the organization cannot indemnify. Shared policy language and coordinated limits reduce the risk that a claim spanning more than one exposure falls into a gap between separately placed forms. Where an organization’s structure calls for standalone coverage instead, ProEx builds the program that way.