Management Liability Insurance in Los Angeles
Coverage for the people who run your company and for claims brought by employees. Management liability packages D&O, employment practices, fiduciary, and crime coverage in one policy.
Management liability at a glance
- What it includes
- D&O, employment practices, fiduciary, and crime coverage
- Who needs it
- Private companies, nonprofits, and associations with boards or employees
- Why it matters
- Claims can reach the personal assets of directors and officers
- How it is written
- Usually as a package with shared or separate limits
- Quote turnaround
- Usually a few business days
What management liability covers
Each part of a management liability package covers a different kind of claim. You can buy them together or pick the ones your company needs.
Directors and officers
Covers claims over decisions made running the company.
Employment practices
Covers harassment, discrimination, and wrongful termination claims.
Fiduciary liability
Covers claims that you mismanaged an employee benefit plan.
Crime
Covers employee theft, forgery, and funds transfer fraud.
Side A coverage
Protects individual directors when the company cannot indemnify them.
Wage and hour defense
Some policies include limited defense costs for wage and hour claims.
What affects management liability rates
Pricing depends on your company’s size, finances, industry, employee count, and claims history. California employers pay more for employment practices coverage because employee claims are common here.
Strong HR practices, an employee handbook, and clean financials all help. We review those with you before we go to market.
Ways to lower your premium
- Keep an updated employee handbook
- Complete California’s required harassment prevention training
- Document performance reviews and terminations
- Bundle coverages in one package
- Choose retentions you could cover comfortably
What moves your rate
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Company size
More employees and revenue mean more exposure.
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Financial condition
Profitability and debt affect D&O pricing.
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Employee count and turnover
These drive employment practices pricing.
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Industry
Some industries see more claims than others.
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Claims history
Past claims weigh heavily on renewal.
Management liability questions
Don't see yours? Call (310) 751-5979 and ask.
Do private companies need D&O?
Yes. Directors and officers of private companies can be sued by investors, competitors, customers, and employees.
Is employment practices coverage important in California?
Yes. California is one of the most active states for employment claims, so EPLI is one of the most valuable coverages for local employers.
What is the difference between fiduciary and crime coverage?
Fiduciary covers claims that you mismanaged an employee benefit plan. Crime covers theft of money or property.
Can nonprofits buy management liability?
Yes. Nonprofit boards face many of the same claims, and policies are written specifically for them.
Find out what you should be paying
Tell us about your company. We compare carriers and come back with real quotes, usually within 1-2 days.