Insurance Coverage Overview
Management Liability Coverage Details
Boost’s management liability product includes three separate coverages:
Directors and Officers (D&O) Insurance Coverage
Protection for a business’s senior management (“directors and officers”) from lawsuits related to performing their duties at the company. This can include suits filed against the business or against individual directors or officers, by employees, vendors, shareholders, and other third parties. Boost’s D&O insurance policies cover legal fees, lawsuit payments, and related costs.
Employment Practices Liability
Protection for a business from lawsuits related to employee discrimination claims filed with the EEOC. If a lawsuit or complaint is filed against the company, Boost’s EPL policies cover losses incurred in a legal settlement or fine, as well as third-party losses like lost customers and vendors.
Protection for a business from claims of mismanagement related to a company’s employee benefits plan. Boost’s fiduciary liability policies protect both the company’s assets, and the assets of individual employees.