Management Liability Insights Collection

Crime Insurance helps protect businesses against losses caused by acts of theft, fraud and other criminal acts. This vital coverage can help shield your company’s financial stability and assets from the potentially devastating impacts of criminal offenses. As technology grows more advanced, illegal activity is also becoming more sophisticated.

Employment Practices Liability Insurance (EPLI) helps protect companies from claims made by current, former or prospective employees, alleging wrongful termination, failure to promote, negligent evaluation, discrimination, retaliation, sexual harassment and more. In an increasingly litigious world, even companies that are diligent in addressing employee complaints and fostering a healthy work environment can find themselves in a dispute over some of these issues. EPLI can help protect businesses from the costs of defending a lawsuit in court, as well as the costs of judgments and settlements.

The Employee Retirement Income Security Act of 1974 (ERISA) requires that every fiduciary of an employee benefit plan, and every person who handles funds or other property of such a plan, hold minimum coverage to protect plan participants and beneficiaries from theft and fraud. Pensions, 401(k) plans, deferred-compensation plans and flexible spending accounts are all types of plans that may fall under ERISA. The Department of Labor’s Employee Benefits Security Administration, the TreasuryDepartment's Internal Revenue Service, and the Pension Benefit Guaranty Corporation are responsible for oversight and enforcement of ERISA

Fiduciary Liability Insurance from Zurich can be a vital part of reducing that risk. As one of the leaders in management liability products and services, we bring responsiveness in underwriting, claims, international capabilities, and customer service. Most importantly, we understand the scope of fiduciary liability risks and how they are evolving, so we’re ready to offer insurance solutions that meet the needs of your organization.

Directors and officers owe fiduciary duties to their companies and may face personal financial loss if accused of violating these duties in the U.S. and abroad. Directors and Officers (D&O) insurance can help protect them from such losses due to lawsuits related to their management. It also may reimburse the company for indemnifying its directors and officers and may cover liabilities from securities violations. This insurance is crucial for directors and officers in companies of all sizes, both public and private.