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 funds, wrongful termination and lack of corporate government.
- 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.
- 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.