What is Professional Liability Management Insurance
If you provide management services, including: financial, accounting, human resources, production, operations, sales, etc., you could be held liable if something goes wrong under your direction. Whether it’s an issue with the performance of an employee or the quality of the service your organization offers, you could be accused of negligence and legal action may be taken against you and your business.
Many companies have Directors and Officers Liability Insurance, but this type of policy typically doesn’t cover services carried out in your capacity as a manager. You may not be completely protected should legal proceedings take place.
That’s why EasyCover offers Managers’ Professional Liability Insurance (also known as Errors and Omissions Insurance). This specialized type of coverage goes above and beyond Directors and Officers Liability insurance, offering additional coverage should you face legal proceedings due to services or advice you provide in a managerial capacity which causes financial loss or damage to reputation.