
Just a few years ago, only a few small or medium-sized businesses secured themselves with financial lines insurance or insurance policies that cover financial losses and other costs. With more and more companies facing litigation and similar risks, it has become apparent that there is a need to have one.
There are several kinds of financial lines insurance, but the most notable ones are Management Liability (ML) and Directors & Officers (D&O) Insurance as they protect a business from the failed responsibilities relating to management.
The Difference between Management Liability and Directors and Officers Insurance
People often interchange ML and D&O insurance; however, the two offer different solutions.
ML is much broader. It used to be an offshoot of the D&O insurance, but it eventually made a name of its own. It can cover a wide range of management risks, including D&O itself. It is specifically designed for small to medium-sized enterprises (SME) because it packages together coverage for management catastrophes and common business risks related to it. Essentially ML covers all damages and claimant costs awarded against you, legal and investigation costs incurred, fines, and penalties.
To be more specific, ML can cover the following things:
D&O, on the other hand, is intended for bigger corporate companies that have a lot of directors and officers. It can provide cover for those accused of failing in their duties as directors and officers, both past and present. It is also an insurance that is essential for the benefit of directors and officers only.
If you have any questions about ML or D&O insurance, please don’t hesitate to contact us here at CIII Insurance Services. We can even provide you a quote for your reference or consideration.
Remember, every business is different. This means that you face unique risks and challenges and it’s best if you get advice from a trusted insurance broker about the type of insurance solutions that will be perfect for you and your business.
CA License # 0D80864
1025 Oak Street
Suite 205
Clayton, CA 94517
P: 510.413.0270
Toll-Free: 877.887.0270
Fax: 510.413.0275
Cecil is an accomplished Senior Executive with 15 years of success across insurance risk management and business development. He has leveraged his extensive experience developing and implementing innovative sales strategies for industry-leading organizations. He is a valuable asset for startup or established companies looking to drive long-term, sustainable growth. His broad areas of expertise include contract negotiation, insurance regulations, mergers and acquisitions, program development, marketing, performance management, business development, sales management, and strategic planning.
Throughout his executive career, Cecil has held leadership positions at companies including Pfizer Pharmaceuticals, Liberty Mutual Insurance, and Hub International, where he served as Vice President- Northern California Sales Manager. He has been responsible for establishing and building long term client relationships, recruiting top talent, and driving initiatives to increase HUB’s presence in the Northern California region, including organizing regular meetings with key executives and salesmen to develop strategic plans that accomplish goals for the territory. This fast paced position had given Cecil an opportunity to showcase his innovations multitude of client accounts while also promoting the HUB brand.
Cecil is responsible for identifying and evaluating investment opportunities, deal execution, portfolio monitoring and business development efforts for the firm. He received his B.S. from Louisiana State University where he focused on agricultural economics, communications, and women and gender studies.
Cecil is an accomplished Senior Executive with 15 years of success across insurance risk management and business development. He has leveraged his extensive experience developing and implementing innovative sales strategies for industry-leading organizations. He is a valuable asset for startup or established companies looking to drive long-term, sustainable growth. His broad areas of expertise include contract negotiation, insurance regulations, mergers and acquisitions, program development, marketing, performance management, business development, sales management, and strategic planning.
Throughout his executive career, Cecil has held leadership positions at companies including Pfizer Pharmaceuticals, Liberty Mutual Insurance, and Hub International, where he served as Vice President- Northern California Sales Manager. He has been responsible for establishing and building long term client relationships, recruiting top talent, and driving initiatives to increase HUB’s presence in the Northern California region, including organizing regular meetings with key executives and salesmen to develop strategic plans that accomplish goals for the territory. This fast paced position had given Cecil an opportunity to showcase his innovations multitude of client accounts while also promoting the HUB brand.
Cecil is responsible for identifying and evaluating investment opportunities, deal execution, portfolio monitoring and business development efforts for the firm. He received his B.S. from Louisiana State University where he focused on agricultural economics, communications, and women and gender studies.
Cecil is an accomplished Senior Executive with 15 years of success across insurance risk management and business development. He has leveraged his extensive experience developing and implementing innovative sales strategies for industry-leading organizations. He is a valuable asset for startup or established companies looking to drive long-term, sustainable growth. His broad areas of expertise include contract negotiation, insurance regulations, mergers and acquisitions, program development, marketing, performance management, business development, sales management, and strategic planning.
Throughout his executive career, Cecil has held leadership positions at companies including Pfizer Pharmaceuticals, Liberty Mutual Insurance, and Hub International, where he served as Vice President- Northern California Sales Manager. He has been responsible for establishing and building long term client relationships, recruiting top talent, and driving initiatives to increase HUB’s presence in the Northern California region, including organizing regular meetings with key executives and salesmen to develop strategic plans that accomplish goals for the territory. This fast paced position had given Cecil an opportunity to showcase his innovations multitude of client accounts while also promoting the HUB brand.
Cecil is responsible for identifying and evaluating investment opportunities, deal execution, portfolio monitoring and business development efforts for the firm. He received his B.S. from Louisiana State University where he focused on agricultural economics, communications, and women and gender studies.
Cecil is an accomplished Senior Executive with 15 years of success across insurance risk management and business development. He has leveraged his extensive experience developing and implementing innovative sales strategies for industry-leading organizations. He is a valuable asset for startup or established companies looking to drive long-term, sustainable growth. His broad areas of expertise include contract negotiation, insurance regulations, mergers and acquisitions, program development, marketing, performance management, business development, sales management, and strategic planning.
Throughout his executive career, Cecil has held leadership positions at companies including Pfizer Pharmaceuticals, Liberty Mutual Insurance, and Hub International, where he served as Vice President- Northern California Sales Manager. He has been responsible for establishing and building long term client relationships, recruiting top talent, and driving initiatives to increase HUB’s presence in the Northern California region, including organizing regular meetings with key executives and salesmen to develop strategic plans that accomplish goals for the territory. This fast paced position had given Cecil an opportunity to showcase his innovations multitude of client accounts while also promoting the HUB brand.
Cecil is responsible for identifying and evaluating investment opportunities, deal execution, portfolio monitoring and business development efforts for the firm. He received his B.S. from Louisiana State University where he focused on agricultural economics, communications, and women and gender studies.
Cecil is an accomplished Senior Executive with 15 years of success across insurance risk management and business development. He has leveraged his extensive experience developing and implementing innovative sales strategies for industry-leading organizations. He is a valuable asset for startup or established companies looking to drive long-term, sustainable growth. His broad areas of expertise include contract negotiation, insurance regulations, mergers and acquisitions, program development, marketing, performance management, business development, sales management, and strategic planning.
Throughout his executive career, Cecil has held leadership positions at companies including Pfizer Pharmaceuticals, Liberty Mutual Insurance, and Hub International, where he served as Vice President- Northern California Sales Manager. He has been responsible for establishing and building long term client relationships, recruiting top talent, and driving initiatives to increase HUB’s presence in the Northern California region, including organizing regular meetings with key executives and salesmen to develop strategic plans that accomplish goals for the territory. This fast paced position had given Cecil an opportunity to showcase his innovations multitude of client accounts while also promoting the HUB brand.
Cecil is responsible for identifying and evaluating investment opportunities, deal execution, portfolio monitoring and business development efforts for the firm. He received his B.S. from Louisiana State University where he focused on agricultural economics, communications, and women and gender studies.