Management Liability Insights

Globalization has brought about a dramatic increase in business travel, which in turn has elevated risks to personnel. In many cases, you may find yourself traveling from your home base, where security environments are relatively benign and you are intimately familiar with the risks that exist, to areas you do not know nearly as well and where the risks may be much higher.

Protecting employees and assets is a prime responsibility of operating managers throughout any corporation. Overburdened decision-makers may not be able to keep current on security-related exposures. But terrorism, crime, and political stability risks are facts of life, and corporate leaders must deal with them when transacting business in our globalized world.

In early 2022, Delaware signed into law a statute enabling Delaware companies to procure D&O insurance through a captive, fronting, or reinsurance arrangement. However, several D&O exposures typically covered under commercial D&O insurance programs likely cannot be included in the arrangements allowed by this new legislation. In this advisory, Chubb and Bailey Cavalieri LLC identify these exposures and outline why D&O buyers and insureds should proceed with caution.

Privately held companies, regardless of size, are threatened by exposures that can lead to complex threats of litigation and can have devastating financial consequences. In Protecting Private Companies from Financial Loss, we’ve highlighted seven key areas of corporate risk to be aware of when evaluating potential gaps in your insurance program.

The alarming rise in the number of lawsuits filed over excessive fees in retirement plans is a potential exposure for all types of plan sponsors in all types of industries. Chubb offers a look at the dramatic change in excessive fee litigation.

Federal and state Equal Employment Opportunity (EEO) laws prohibit employers from discriminating against employees based on characteristics such as age or race. Chubb’s claims professionals share insights into what you need to understand about EEO laws, what is considered retaliation, and how to avoid retaliation charges.

Even with protections put in place by internal IT departments or outside partners, email remains an unsecured and unreliable technology capable of being hacked, altered and manipulated. An increase in working from home over less-secure wi-fi networks and an uptick in the use of e-commerce and electronic transactions has created a busy environment for cyber criminals to exploit email for fraudulent activities.

It's critical to have a strong line of defense against increasingly sophisticated attacks, like account hijacking and impersonation – also known as Business Email Compromise (BEC) schemes. Learn more about how organizations can block email-related fraud by implementing multi-factor authentication (MFA).

Many companies frequently request their directors, officers, and employees to serve other organizations in various capacities (an “Outside Director”). Read more to find out how your company or you personally can protect yourself from the liabilities surrounding these kinds of positions.

When a company becomes the target of an actual or proposed M&A transaction, its directors are thrust into a highly volatile and risky claims environment. This advisory addresses how to handle takeover transactions.

Proactive management of director and officer exposures can improve a company’s ability to recruit talented management, enhance the quality of corporate decision-making, and help reduce the risk of litigation damages, expenses, or distractions. This loss prevention book will begin the process of education and guidance for executives.

A fundamental goal of an effective securities litigation loss prevention program is to inform directors and officers that improper disclosures can result in severe personal and corporate consequences. Read more for a number of best practices to help reduce this liability exposure in an area where case law, statues and regulations, and new developments in cybersecurity and climate change are always evolving.

Cyber exposures come from a wide variety of sources. Learn more about how directors and officers can identify, mitigate, respond to and recover from a cyber incident.

Regardless of size, all organizations are vulnerable to workplace fraud. Download Preventing Fraud: How Anonymous Hotlines Can Help for data on what kind of fraud is most common in specific industries and how Chubb can help you prevent it from happening in your organization.