Management Liability Insurance for ACEC BIT

An increasingly litigious society means directors, officers and other members of management are facing more risks than ever before. Even the best-managed businesses can face liability lawsuits, costing them millions to defend.

Management liability insurance combines the strength of several essential coverages into an all-in-one package that includes:

Directors & Officers Liability Insurance

Directors and officers face difficult decisions every day. The right decisions can boost your business to new heights while others can open the door to lawsuits by employees, shareholders or anyone else with an interest in the business.

Defending these claims can cost thousands or more and jeopardize the reputation you’ve worked so hard to build.

Directors and officers liability insurance protects the directors and officers of your business from loss arising from actions connected to their positions. Typical claims may relate to:

• Allegations of mismanagement
• Breach of fiduciary duty or loyalty
• Release of non-public information
• Conflicts of interest

Employment Practices Liability Insurance (EPLI)

Your employees can be one of your greatest assets. Unfortunately, they can also be one of your greatest risks—especially in an age when employment-related claims and lawsuits are on the rise.

Employment practices liability insurance can help. The coverage is designed to protect your business from claims and lawsuits whether frivolous or not alleging:

• Sexual harassment
• Discrimination
• Wrongful termination or discipline
• Failure to hire or promote
• Defamation
• Retaliation

Fiduciary Liability Insurance

Offering top-notch employee benefits can give your business an edge when it comes to attracting and retaining quality employees. But did you know anyone who manages these plans on behalf of your employees can be held personally responsible if they fail to meet the Employee Retirement Income Security Act’s (ERISA) standards and legal guidelines? Examples include:

• Making misleading statements regarding investment options
• Failing to educate participants about risks involved with investments
• Failure to monitor fees and performance of outsourced plans
• Discrimination in converting plans
• Mismanagement as a result of merger or acquisition
• Miscalculation of benefits in early retirement offerings

Fiduciary liability insurance protects individuals or entities for claims that allege they’ve violated their responsibilities under ERISA.

Crime Insurance

Running your business successfully means safeguarding it against a variety of risks. This includes being prepared if your employees help themselves to your inventory or a thief robs you of your cash or property.

Management Liability Insurance Customized for Your Business

The ACEC BIT worked exclusively with Marsh U.S. Consumer to develop a management liability insurance plan for ACEC Member Firms. Go to the Tell Me More tab and take a closer look at five reasons why many of your fellow engineers are protecting their business with this top-notch coverage today.

Get a free, no-obligation quote today!

To request a free, no-obligation quote, call1-800-338-1391and speak with an ACEC BIT Sales Professional. Or, for added convenience, you can request a free quote online.

5 Reasons it pays to protect your business with Management Liability Insurance through the ACEC Business Insurance Program!

1. Save time and avoid the hassle of shopping around.

As an ACEC Member Firm, everything needed to protect your business can be purchased from a single, reliable source.

2. Customize a plan that’s the right fit for your business.

Instead of one-size-fits-all coverage, you have the flexibility to customize a plan that meets your business’s needs and individual requirements—not someone else’s. Your firm can elect to purchase a combined package of Director’s and Officer’s Liability, EPLI, Crime or Fiduciary coverage at discounted rates, or purchase any of the coverages individually.

3. Feel secure that you're getting the best coverage available.

Rest assured that you're getting only the best value from a provider with a history of stability and top-notch customer service.

4. Keep costs down with outsourced Human Resource Services.

The ACEC BIT Management Liability Program can take your current human resources program to a higher level with the addition of loss control services available at no additional charge to companies that purchase EPLI coverage:

• Web-based training and information
• Downloadable model forms, policies and procedures
• Employment Practices Liability Risk Management Help Line services

5. Enjoy fast, friendly service from an award-winning team of insurance experts.

As a program participant, you can look forward to service from a team of experts at Marsh that have consistently received outstanding customer satisfaction and loyalty ratings from ACEC member firms.

Get a free, no-obligation quote today!

To request a free, no-obligation quote, call 1-800-338-1391 and speak with an ACEC BIT Sales Professional. Or, for added convenience, you can request a free quote online.

Management Liability Insurance Quote Request

Learn how management liability can help your firm! Watch the recorded interactive Webinar.

Management Liability Product – General Contact Us

Mailing Address:

Marsh U.S. Consumer 701 Market St. Suite 1100 St. Louis, MO 63101

Phone:

(800) 338-1391

Fax:

(888) 621-3173