Why Your Directors and Officers
Need to be Protected with Management Liability Insurance

Companies need insurance, whether they are required to purchase by their banks, landlords, or owners who simply wish to transfer their organization’s risks to a third party. When thinking of commercial insurance, we typically associate premium payments with common insurance coverages like property insurance to protect our buildings and physical assets, general liability to indemnify third parties injured at company locations or caused by our products, and workers’ compensation for when our employees are hurt at work and unable to work. Management liability insurance, on the other hand, is often considered a complicated and mysterious suite of insurance coverages, especially when it comes to small and mid-sized privately held organizations. Parker, Smith & Feek Vice President Nick Warren provides further details in the Portland Business Journal, read more from Nick here.

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