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Management insurance, also known as management liability insurance, is a type of insurance designed to protect individuals in executive or managerial positions within a company from legal and financial risks.
This type of insurance typically covers a range of potential liabilities, including employment practices, wrongful termination, discrimination, harassment, breach of fiduciary duty, errors and omissions, and other management-related risks.
Management insurance policies may also cover the costs of legal defense and settlements or judgments in the event of a lawsuit or claim against a manager or executive.
The specific coverage and terms of a management insurance policy can vary depending on the insurer and the needs of the insured company. It is important for companies to carefully review their insurance needs and work with a qualified insurance agent or broker to find the right policy for their specific needs.
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