From equipment failure to human oversight, almost any incident can result in litigation. Management liability, also known as directors and officers liability insurance, protects the directors and officers of a company and the company itself against claims of mismanagement by outside parties.
Few business events are more stressful than when directors and officers are named in a lawsuit. Management liability insurance through First Mid protects your corporate leaders and your corporation from certain types of claims, including:
- Sexual Harassment
- Errors and omissions
- Employment practices
- Miscellaneous professional
- Fiduciary liability
- Kidnap and ransom
Insurance services are not deposits or obligations of the bank, are not insured by the FDIC or any governmental agency, and are not guaranteed.