Management liability insurance covers exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities.
Professional liability insurance is required by law in some areas for certain kinds of professional practice, also called professional indemnity insurance and more commonly known as errors & omissions in the US, helps protect professional advice and service providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm.
All insurances can be tailored to individual needs and requirements. Contact Indemnity to discuss how we can work for you.