Management Practices Insurance
MIV Insurance Services LLC offers customized Management Practices coverage to address the specific needs of your business, ensuring you’re prepared for financial liability risks.
Start your journey with us today.
Protecting Against Financial Claims
Management Practices coverage protects your business from lawsuits for wrongful acts causing financial injury, not covered under standard liability policies.
Different from General Liability
Unlike Commercial General Liability, this coverage excludes bodily injury and property damage, focusing on financial liabilities from professional duties.
Coverage for Wrongful Conduct
It addresses claims related to mismanagement or breaches of duty, safeguarding your business from financial loss.
MIV Insurance Services LLC Has You Covered
We offer tailored Management Practices policies to protect your business against unique risks and financial liabilities.
Separate and Distinct Coverages
Management Practices coverages are separate and distinct coverages not contemplated in a standard Commercial General Liability insurance policy. In simple terms, Commercial General Liability protects you from suits for accidental bodily injury and property damage subject to the policy language. In general, Management Practices coverages all exclude bodily injury and property damage and protect you against lawsuits for alleged wrongful acts (as defined in the policies) which have caused financial injury to someone to whom you owed a duty of conduct.
Typical Management Practices coverages you should consider are as follows
· Directors and officers liability
· Employment practice liability
· Fiduciary liability
· Professional liability/errors and omissions
· Kidnap and ransom and extortion
· Crime/employee dishonesty
· Cyber/data breach liability
