Management Liability Protection


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Your business or organization can face a range of liability risks that could hurt the company’s reputation and its bottom line. Through your independent insurance agent representing The Cincinnati Insurance Companies, you can get the additional protection you need. Our financial strength and superior service mean we’ll be there when your money and your integrity are on the line.

Your agent can help you choose the coverage that fits your needs, reducing the likelihood of coverage gaps or overlaps.

Providing Innovation, Specialization and Flexibility

Since 1982, Cincinnati has written insurance for directors, officers and trustees. We also were one of the first standard carriers to introduce Employment Practices Liability Coverage. We continue to offer innovative coverages that are specifically tailored to your individual situation. Your agent can help you choose the coverage that fits your needs, reducing the likelihood of coverage gaps or overlaps. Our industry-specific Pillar™ program addresses the needs of nonprofit organizations, educational institutions, community associations, health care providers, privately held businesses and financial institutions.

Assessing Your Potential Liabilities

Protecting those with decision-making authority

When directors, officers or members of your management team exercise decision-making authority, they could be held personally liable for the consequences, no matter how unforeseen or unintentional. Parties who believe these decisions hurt them may take legal action against the individuals or your organization, and your defense costs could add up quickly. With the addition of Cincinnati’s Directors and Officers Liability Coverage, you can protect not only the financial well-being of your business, but also the assets of your directors and officers. Cincinnati will pay on your behalf those obligations arising from a covered claim whether or not your company is obligated to indemnify your directors and officers.

Protecting those who select and supervise your workers

Allegations of discrimination, harassment and other employment-related issues against businesses can surface from past, present or prospective employees who say their rights were violated. In addition, third parties can file claims alleging that you or your employees harassed or otherwise discriminated against them. With the addition of Cincinnati’s Employment Practices Liability Coverage, you will have protection from employment-related wrongful acts. As an added value, EPL policyholders have access to Cincinnati’s Employment Connection, a free hotline that connects you with a law firm specializing in advice on employment policies and procedures.

Protecting those who monitor and manage employees' retirement plans

Congress enacted the Employee Retirement Income Security Act to outline specific responsibilities for fiduciaries of employee pension and retirement plans, such as a 401(k). Fiduciaries are individuals who exercise discretionary control over the management of such a plan, its assets or its administration. That authority can lead to allegations of a breach of these duties from government officials or from employees covered by those plans. While the ERISA employee dishonesty bond protects you against theft by a plan’s trustee, you need additional protection for mismanagement or errors in administrating the plan. With Cincinnati’s Trustee and Fiduciary Liability Coverage, your business or nonprofit can get liability protection from claims arising from administrative or discretionary errors, such as giving advice to plan participants, interpreting the plan, handling records of the plan or processing enrollment, termination or cancellation of participants under the plan.

Protecting those who conduct business through digital interactions

Digital information and the internet changed the way small and large organizations conduct business and created new and complex risks, such as security breaches, information theft and cyber extortion. Even a groundless claim can drain your organization’s cash and resources to respond to a security breach or a lengthy litigation. With the addition of Cincinnati’s internet security coverage, you can get liability protection for the transmission and storage of data through your network or website.


Protecting those who advise and assist your customers

Today’s financial institutions do more than make loans and take deposits. Investment advice, electronic data processing, loan servicing, incidental trust services and other activities are becoming more prevalent. With each new service you offer, you face further exposure to allegations of wrongdoing by your customers. With the addition of Cincinnati’s Bankers Professional Liability Coverage, you can get liability protection for the day-to-day professional operations of your institution.

Protecting those who manage and administer trusts

While a trust department is vital to many financial institutions, it also can be a source of lawsuits from clients. People make honest errors. Even fulfilling the terms of the document as you understand it can’t guarantee you won’t be sued, especially if someone does not receive the financial results originally expected. With the addition of Cincinnati’s Trust Department Errors and Omissions Coverage, you can protect the financial well-being of your financial institution, your individual directors and officers as well as your employees against allegations of wrongdoing in managing and administering trusts.

Protecting your bank from dishonest actions

When you need to protect your assets as well as those of your customers, you want coverage that is as unique as the services you provide. With the addition of Cincinnati’s Depository Institution Bond, your commercial bank, savings bank or savings and loan can get statutory and optional crime coverages. This bond allows you to choose from a variety of optional insuring agreements and endorsements that provide you with a tailored bond to suit your particular institution’s needs.

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