AIS The Concern Over Management Liability Exposures
Management liability risks can certainly have a substantial financial impact, on a personal level, on your board members and senior executives, and the company as well.AIS (Axis Insurance Services) is considered a leader in management liability risk assessment and offer their expertise in putting together policies that are designed to meet the specific concerns of your organization.
This is mainly accomplished by working with the top insurance carriers to offer a number of coverages designed to address many of the liability issues related to running a company and protecting its management team. By doing so they can offer peace of mind to senior management and directors so that they can focus on the business at hand and perform their duties without fear of any personal liability issues.
Types of risk your members may face
Company leaders may in some cases need different types of insurance to protect them from all of the risks that come with participating in a role as a manager. Risks may include exposures involving governmental regulations, employment practices, and finances, as well as benefits administration and distribution, among other factors.
Because management liability insurance functions as, not just one type of insurance, but a combination of several policies, its the perfect solution to a complex issue. These policies are purchased as a package with the intention of covering those inherent risks, which are quite common in many business models.
If you run a large, publicly traded company that has acting directorial boards beholden to shareholders, there are some obvious exposures faced by that board. Decisions made by members representing the top levels are at times facing heightened scrutiny. Management liability policies will cover most of the liability concerns for those manning these leadership positions.
Another example is, that if you own a nonprofit organization, your business could also benefit from a professional liability insurance policy from AIS. Since all nonprofit organizations have a board of directors, with concerns over where money is spent and how decisions are made, and the impact that might be felt when a bad decision is brought to light, you most likely are in need of this brand of coverage.