Management Liability
Coverage built for Small and Medium-sized Enterprises
Delivering speed from quoting to policy issuance
Zurich North America and Cowbell have collaborated to bring the Zurich Select Plus management liability product—a modular solution designed to meet the substantial coverage needs of large companies—to small and medium-sized private businesses. This versatile and tailored suite of protections aims to equip these enterprises with the necessary tools to navigate a complex legal landscape while safeguarding their operational and financial stability. This solution is offered on Zurich admitted paper and is backed by the reputable Zurich Claims service, ensuring reliable support and coverage.
Learn more about the Cowbell and Zurich Collaboration
Protect your small to midsize business with Zurich’s Select Plus Management Liability solutions
Many small and midsize businesses may mistakenly believe that they are immune from the liability challenges typically associated with larger corporations. However, the reality is that these smaller private organizations often face similar legal entanglements, including lawsuits over financial disclosures, breaches of fiduciary trust, employment practices, and third-party liability matters. In today’s increasingly litigious environment, the risk landscape for companies of all sizes is expanding, rendering them more vulnerable than ever before. Recognizing these escalating risks, Zurich E&S has introduced the Select Plus product tailored specifically for small to midsize businesses.
Private Company D&O
Employment Practices Liability
Fiduciary Liability
Crime
Have a question about this coverage offering?
Target Industries
Specialty Chemicals
Technology
Energy/Utilities
Construction
Industrial Machinery, Tools, and Equipment
Manufacturing
Hospitality (Hotels/Restaurants)
Retail
Integrated Freight & Logistics
Frequently Asked Questions
1. How can I access the Zurich Select Plus management liability product through Cowbell?
Appointed wholesalers of Zurich E&S can access the Cowbell platform via API. If you are an appointed wholesaler of Zurich E&S, please reach out to your Cowbell or Zurich representative to discuss.
2. What size accounts are targeted?
3. What makes the Zurich Select Plus offering through Cowbell unique compared to Zurich's standard approach?
By partnering with Cowbell and their technology platform, Zurich is able to offer our market leading product with increased speed and efficiency.
4. What is the difference between management liability and D&O?
Management liability is a broad term that encompasses a range of coverages designed to protect a business and its management team from various risks. It typically includes:
- Directors and Officers (D&O) Liability: Protects the personal assets of directors and officers and the financial assets of the company against claims made for alleged wrongful acts in their capacity as directors and officers.
- Employment Practices Liability (EPL): Covers claims related to employment practices, such as discrimination, wrongful termination, harassment, and other employment-related issues.
- Fiduciary Liability: Protects against claims arising from breaches of fiduciary duties related to employee benefit plans.
- Crime Coverage: Protects against losses resulting from criminal acts such as theft, fraud, and embezzlement by employees or third parties.
5. Why does my company need management liability coverage?
Management liability coverage is essential for your company for several reasons:
- Protection for Directors and Officers: It provides coverage for the personal assets of directors and officers in the event they are sued for wrongful acts while managing the company. This includes decisions made on behalf of the company.
- Legal Expense Coverage: It covers legal fees, settlements, and other costs associated with defending the company and its management against lawsuits, investigations, or regulatory actions.
- Attracting and Retaining Talent: Having management liability insurance can make your company more attractive to potential directors and officers, as they will feel more secure knowing they are protected.
- Business Continuity: Lawsuits and legal actions can be financially draining and disrupt business operations. Management liability coverage helps ensure the business can continue operating smoothly despite legal challenges.
- Regulatory Compliance: It offers protection in case of non-compliance with regulations and laws, which can be complex and vary by industry and region.
- Reputation Management: In case of a lawsuit or regulatory action, having management liability insurance can help manage the company’s reputation by handling claims efficiently and effectively.
Overall, management liability coverage is a crucial risk management tool to protect the company and its leaders from potentially devastating financial losses and legal challenges.
6. What is the most common management liability claim?
- The most common management liability claims typically fall under employment practices liability (EPL). Some of the most frequent claims in this category include:
- Discrimination: Claims alleging discriminatory practices based on race, gender, age, disability, religion, or other protected characteristics.
- Wrongful Termination: Claims alleging that an employee was wrongfully terminated or laid off in violation of employment laws or company policies.
- Harassment: Claims of workplace harassment, including sexual harassment and hostile work environment allegations.
- Retaliation: Claims alleging retaliation against an employee for engaging in legally protected activities, such as filing a complaint or whistleblowing.
