Understanding Management and Professional Liability Insurance

Management and professional liability insurance, also known as errors and omissions insurance, is a type of coverage that protects professionals and businesses from lawsuits and financial losses resulting from alleged mistakes, negligence, or failure to perform services.

This type of insurance is designed to cover professionals such as lawyers, accountants, and architects, who are at risk of being sued for errors or omissions in their work.

The cost of management and professional liability insurance varies widely depending on factors such as the type of business, location, and level of experience.

It's essential to have this type of insurance to protect your business and personal assets from financial ruin in the event of a lawsuit.

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Our experienced professionals help clients mitigate risks, offering dedicated underwriting, loss prevention, and claims expertise.

AIG's Management and Professional Liability insurance solutions protect companies from executive and errors & omissions liability exposures.

Their in-house experts work closely with clients to address traditional and emerging risks, providing collaborative support.

AIG's insurance solutions cover public, private, and non-profit companies, financial institutions, and professional service providers.

By choosing AIG, clients can rely on their expertise to navigate complex liability exposures and minimize potential risks.

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Private organizations can benefit from tailored insurance solutions to mitigate emerging risks. Our technology insurance specialists provide similar support to tech companies, helping them identify and manage risks.

Private organizations often have unique needs that require customized insurance approaches. This is why our specialists work closely with clients to develop effective risk management strategies.

Insurance can help protect private organizations from potential liabilities, allowing them to focus on their core business operations.

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Management and professional liability insurance helps protect companies from accusations of poor performance, wrongful employment practices, or other negligence.

Protection is available for management decisions and actions, as well as fiduciary duties and employment practices.

Our solutions help safeguard directors, officers, elected officials, and business entities against lawsuits related to management, finance, benefits, and governance activities.

ProShield is a multi-risk package offering comprehensive protection for private and not-for-profit organizations.

This package provides flexible coverage for management liability insurance, giving organizations the protection they need to operate with confidence.

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Financial institutions face a unique set of risks that can have devastating consequences. Directors & Officers Liability (D&O) insurance is a must-have for financial institutions to protect against the risks of director and officer lawsuits.

Employment Practices Liability (EPL) insurance is crucial for financial institutions to address the risks of employment-related lawsuits. This type of insurance can provide financial protection against claims of harassment, discrimination, and wrongful termination.

Financial institutions are also at risk of fiduciary breaches, which can be costly to rectify. Crime and Fidelity insurance can help mitigate these risks by providing financial protection against employee theft, embezzlement, and other forms of financial misconduct.

Professional Liability (E&O) insurance is another essential coverage for financial institutions, as it can provide protection against errors and omissions in financial services.

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Financial Institutions face unique risks that can have significant consequences. Directors & Officers Liability (D&O) insurance is a must-have for financial institutions to protect against lawsuits and reputational damage.

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Employment Practices Liability (EPL) insurance is essential for financial institutions to address the risk of employment-related lawsuits. This type of insurance can help protect against claims of discrimination, harassment, and wrongful termination.

Financial institutions also face risks related to fiduciary duties, which can be mitigated with Fiduciary Liability insurance. This type of insurance can help protect against claims of breach of fiduciary duty.

Cyber Liability insurance is a critical component of risk management for financial institutions. With increasing cyber threats, this type of insurance can help protect against data breaches and cyber attacks.

Financial institutions can also benefit from Professional Liability (E&O) insurance, which can help protect against claims of professional negligence.

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Employment Practices Liability protects organizations and employees for claims arising from the employment relationship.

This type of liability can arise from allegations of discrimination, harassment, and wrongful retaliation.

Claims can also include additional named violations, which can be a significant risk for businesses.

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Our tailored coverage offers protection against allegations of wrongful employment practices by directors, officers, or employees.

This can include claims from sexual harassment to discrimination, and is a crucial aspect of risk management for organizations.

Employment Practices Liability provides a safety net for businesses, helping to mitigate the financial impact of costly lawsuits.

Financial institutions face unique risks that can be devastating to their operations. Directors & Officers Liability (D&O) insurance helps address these risks.

Employee theft or dishonesty is a significant concern for financial institutions, which is why Crime Insurance and Fidelity Bonds provide protection against loss due to these types of incidents.

Specialized knowledge and experience are essential for handling executive risk exposures, and Crime and Fidelity Bonds offer this expertise.

Financial institutions can be vulnerable to losses resulting from crimes such as employee dishonesty, embezzlement, and forgery.

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Businesses face unique management liability risks when undergoing complex transactions or navigating difficult situations. AIG Financial Lines' Special Situations Group can provide creative, bespoke insurance solutions.

Directors and officers of financial institutions are at risk of facing allegations of wrongdoing, which is where Directors & Officers Liability (D&O) insurance comes in. This type of insurance helps protect against allegations of wrongful employment practices by directors, officers, or employees.

Employment practices liability insurance offers protection against allegations of wrongful employment practices, including sexual harassment and discrimination. This type of insurance is essential for financial institutions to mitigate the risk of costly lawsuits.

Financial institutions face a range of risks, from cyber attacks to crimes committed by employees. A comprehensive insurance package that includes Crime and Fidelity, Cyber Liability, and Professional Liability (E&O) insurance can help address these evolving risks.

A tailored insurance solution can provide peace of mind for financial institutions and their directors and officers. By addressing complex risks, businesses can focus on growth and success.

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Management liability insurance provides financial protection and peace of mind for those in leadership positions.

In today's litigious environment, allegations of mismanagement can arise from various stakeholders, including employees, shareholders, and regulatory bodies.

This coverage ensures that legal fees, settlements, and judgments do not jeopardize the financial stability of the organization or the personal assets of its leaders.

Knowing that there is protection in place allows directors and officers to make decisions and take actions without the constant fear of personal liability.

This confidence in decision-making is crucial for the growth and sustainability of any entity.

AIG Statements and Series are designed to provide protection for professionals and businesses in various industries.

AIG's Professional Indemnity Policy, for instance, covers lawyers, accountants, and other professionals against claims of negligence, errors, and omissions.

AIG's Errors and Omissions (E&O) policy provides coverage for professionals who provide advice or services that may lead to claims of negligence or breach of duty.

AIG's Directors and Officers (D&O) Liability policy covers directors and officers of a company against claims of wrongful acts in their capacity as directors or officers.

AIG's Cyber Liability policy provides coverage for businesses against cyber-related risks, such as data breaches and cyber attacks.

AIG's Employment Practices Liability (EPL) policy covers businesses against claims of employment-related acts, such as wrongful termination, harassment, and discrimination.

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Businesses facing complex transactions or difficult situations require special care, and that's where AIG Financial Lines' Special Situations Group comes in, providing creative insurance solutions.

They offer bespoke insurance solutions that cater to unique management liability risks, helping businesses navigate challenging situations.

AIG Financial Lines' Special Situations Group has earned a reputation for its expertise in developing precise, creative, and adaptable professional liability insurance solutions.

Their team is a full-service, product-driven specialization with powerful market leverage, giving them the ability to tailor solutions to specific needs.

They have a proven track record of providing unmatched expertise in developing insurance solutions that meet the unique demands of complex transactions and difficult situations.

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Executive coverage is essential for protecting the assets of your company and the personal assets of your directors and officers.

Marsh McLennan Agency has a dedicated practice group with extensive industry knowledge to specifically tailor your risk management program.

Their professionals have the experience to help protect the assets of your company and the personal assets of your directors and officers.

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Customized solutions for directors and officers of public companies, private and non-profit organizations, and financial institutions against claims by competitors, shareholders, and regulators are available.

Directors and officers liability insurance can help protect an organization's leaders from claims arising from their management decisions and actions.

Management liability insurance provides not only financial protection but also peace of mind for those in leadership positions.

This coverage is indispensable in today's litigious environment, where allegations of mismanagement can arise from various stakeholders, including employees, shareholders, and regulatory bodies.

Knowing that there is protection in place allows directors and officers to make decisions and take actions that are in the best interest of the organization without the constant fear of personal liability.

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