Most business owners are aware of the need for general liability insurance, but many are not familiar with executive liability insurance. This type of coverage is designed to protect executives and other high-level employees from personal financial losses arising from their actions on behalf of the company.
Benefits of Executive Liability Insurance
Executive liability insurance can provide protection for damages awarded in lawsuits, as well as for the cost of defending against these lawsuits. This type of coverage is important for any company that wants to protect its executives from personal financial ruin in the event that they are sued for their actions on behalf of the company.
There are several types of executive liability insurance policies available, and the coverage provided by each policy will vary. Some policies will only cover damages awarded in a lawsuit, while others will also cover the cost of defending against the lawsuit. It is important to understand the coverage provided by each policy before selecting one.
Selecting an Executive Liability Policy
We can assist you in determining which type of executive liability policy will provide the most effective coverage for your organization, as well as help you identify carriers that provide superior rates. For more information, click below or contact our offices directly at the number above.
