Whether your company is public, private or non-profit, the individuals in charge of its direction and performance make daily decisions that can adversely affect your company, regardless of intent. Professional liability insurance helps protect businesses and it’s directors, officers, and managers from the wide range of exposures they face.
These individuals can be sued for a variety of reasons stemming from securities claims, wrongful acts, wrongful employment practices and fiduciary duties, to name a few. These lawsuits threaten not only the company’s assets, but also place the hard-earned personal assets of the individual making the decisions at risk. Regardless of whether or not the individual is ultimately held liable for a claim, the defense cost alone can be extremely expensive.
It is a common misconception that the protection for this type of risk is found in other areas of a company’s insurance program, such as General Liability and Umbrella policies. If properly designed and implemented, a Management & Professional Liability insurance program can protect your company, its managers and employees from this burden of liability, covering the cost to defend employment claims while backing up the decisions and actions of the company.
Personal Liability Insurance For Managers
The team of professionals at BMB assists in the design and implementation of Management and Professional Liability insurance programs tailored for the unique exposures faced by your organization. Our clients include public, private & nonprofit entities in a wide variety of industries.
First, we begin by understanding your business - its history, industry, customers, organizational structure, ownership, management, products & services, and financial picture. We then use this information to work with the insurance underwriters in developing coverage options that best fit your needs. Our team has strong relationships with underwriters at many of the industry's highest-rated and most experienced insurance companies that specialize in this type of insurance.
With BMB’s assistance, you can be confident, knowing that your Management & Professional Liability insurance program can protect the financial well-being of both your company and the personal wealth of your directors and officers. Our team gets your organization the management liability coverage you need to protect your biggest investments.
There are many ways to measure success, but the most satisfying is our 95 percent client retention rate. Our clients are committed to BMB because we are dedicated to the principles of customer service and professional leadership, always keeping in mind a bit of sound advice: It isn’t what we say about ourselves that matters most.
It’s what others say about us. If KNOWLEDGE, VISION, ACCOUNTABILITY and SERVICE are what you want in an insurance firm, partner with us.
