What is executive liability insurance?
Executive liability insurance protects a company's directors, officers, and other executives from personal financial losses arising from claims alleging wrongful acts in their management capacity. It covers legal defense costs, settlements, and judgments related to decisions made on behalf of the organization.
What does AmTrust EXEC cover?
AmTrust EXEC is a deeply experienced underwriting team that routinely delivers management liability solutions for the unique risks facing executives at privately- and publicly-held companies. Coverage typically includes Directors & Officers (D&O) liability, Employment Practices Liability (EPL), fiduciary liability, and crime coverage, tailored to each organization's unique risk profile.
What is the difference between AmTrust EXEC, AmTrust PRO, and AmTrust FI?
AmTrust EXEC serves privately- and publicly-held companies with management liability solutions. AmTrust PRO works exclusively through a limited number of appointed wholesale brokers, providing niche insurance solutions for many professionals. AmTrust FI understands the unique risks each financial institution faces in the current banking, regulatory, and insurance environments.
Who needs executive liability insurance?
Any organization with a board of directors, officers, or management team should consider executive liability insurance. This includes private companies, nonprofits, financial institutions, and startups. Directors and officers can be held personally liable for management decisions, making this coverage essential.
What is Directors & Officers (D&O) insurance?
Directors & Officers insurance is a core component of executive liability coverage. It protects individual directors and officers from personal losses if they are sued for alleged wrongful acts while managing a company. It also reimburses the organization when it indemnifies its executives for covered claims.
What types of claims does executive liability insurance cover?
Executive liability covers claims including breach of fiduciary duty, mismanagement, wrongful termination, discrimination, harassment, regulatory investigations, shareholder disputes, and errors in financial reporting. Coverage varies by policy form and endorsements selected.
How do I get executive liability insurance from AmTrust?
Contact your insurance agent or broker to request an AmTrust executive liability quote. AmTrust's EXEC, PRO, and FI teams work through appointed brokers and agents to deliver customized management liability solutions.