Managers insurance

Professional Liability Insurance for Managers – E & O Insurance

Professional Liability insurance, or Errors & Omissions Liability Insurance, can help protect managers and your business against claims made by your clients that are not covered by general liability insurance. As a manager, Cover Advantage can provide you with the correct Professional Liability for risks such as mishandling of fundswrongful termination and lack of corporate government.

Roles Covered

  • Business Consultants
  • Project managers
  • Public Administrators
  • Marketing Consultants
  • HR Consultants

Applicable Types of Scenarios for Managers

 Mishandling of funds

  • A client claims that funds were not properly allocated or were ambiguously utilized.

Wrongful termination

  • After you let an employee go, they may challenge the grounds on which you terminated them. Regardless of the cause of termination, they may have a wrongful termination allegation.

Lack of corporate governance

  • There is always uncertainty around change. When there are large structural changes, shareholders may make “lack of corporate governance” claims which are detrimental to the company’s stock.