Management liability insurance is insurance that covers risks faced by directors, officers, managers and business entities in connection with management, finance, benefits and management activities (also referred to as “management liability insurance”). This includes (1) directors and officers liability (D&O), (2) labor relations liability (EPL), (3) fiduciary liability insurance, and (4) “special crimes” insurance (covering kidnapping, ransom and extortion). ). ). These coverages can be issued as separate insurance policies or combined into a single “package” policy. “Bundled” policies of the management liability policy usually contain a set of general terms and conditions that apply to all purchased coverage lines. In most cases, an insured must select at least two types of coverage to be eligible to purchase a “packaged” management liability policy. This arrangement offers substantial premium discounts, as much of the same data is required to validate employment practices, D&O, fiduciary and special crime insurance. Management responsibility “package” policies are typically only available to private firms, nonprofits, and small public companies (i.e., those with less than $25 million in annual sales). Large publicly traded firms usually buy individual policies.