Management Liability insurance covers claims related to financial mismanagement, including allegations of mishandling funds and fraudulent activities by company executives and managers. This insurance helps protect business leaders from the legal expenses and damages associated with defending against such claims.

Management Liability insurance is customizable to address specific industry risks, including those unique to the cannabis industry. Insurers may offer tailored coverage options to address the particular needs and challenges faced by businesses operating in different sectors, ensuring comprehensive protection against industry-specific risks such as regulatory compliance, product liability, and reputational damage.

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Management Liability insurance protects against claims from shareholders as it typically includes coverage for Directors & Officers (D&O). This shields company executives and directors from personal liability arising from shareholder claims alleging mismanagement, breaches of fiduciary duty, or other wrongdoing.