Coverage for loss incurred by directors, officers, fiduciaries, or transaction professionals as a result of their service in crisis or complex risk situations or in connection with a transaction.
Specialty Management Liability Insurance is available for capacities including directors and officers, liquidators, trustees, managing partners, and shareholder representatives. The product can be particularly responsive to:
- specific decisions by a company board
- distributions by liquidators
- shareholders’ representative in a company sale
- the role of independent fiduciaries