Management Liability provides coverage for exposures arising out of management activities — most often faced by directors, officers, and/or managers.


Management Liability policies are often comprised of one or more of the following coverages:


Directors & Officers (D&O) Liability

coverage for errors and omissions claims against directors and officers while serving on a board of directors

Employment Practices (EPL) Liability

protection in the event that an employer is faced with claims of unfair practices, such as wrongful termination, discrimination, sexual harassment, invasion of privacy, breach of contract, or wage and hour law

Fiduciary Liability

protects against errors, omissions, and/or mismanagement in the administration of employee benefit plans

Fidelity/Crime Coverage

provides protection for plan participants against theft, fraud, and other deliberate acts by fiduciaries that end in financial loss to a benefit plan


  • Employee Dishonesty – Provides coverage for theft of money, securities, or property by employees. This coverage can be written with a per loss limit or per employee limit. This coverage is one of the key coverages of a commercial crime policy.
  • Computer Fraud – Provides coverage for the theft of money, securities, or property when a computer is used to transfer the money or property from the insured’s premises or bank to another person or place.
  • Social Engineering – Provides coverage for organizations if fraudulent party, acting as a legitimate party, influences an employee to transfer money or securities resulting in theft.
  • Extortion – Coverage that insures against the loss of money, securities, or property as a result of threat to cause harm to the insured, an insured’s employee, or another party being held captive. Broader coverage can be found with Kidnap & Ransom coverage.
  • Kidnap & Ransom – Coverage to help mitigate and reduce risks both at home and abroad. Threats from Kidnapping and extortion to wrongful detention and missing persons benefit from broader coverage involving officers, directors, employees, guests, relatives and even volunteers handling demanded payments.


Commercial Auto

Provides Automobile Liability and Physical Damage coverage for “autos” used in your business. “Autos” can include cars, trucks, vans, trailers, or other vehicles designed for use on public roads.


Workers Compensation

Workers’ Compensation is a statutory law that requires employers to reimburse employees who have been injured in the course of, and arising out of, their employment for loss of wages, medical and hospital expenses, permanent and partial disability. The act also takes care of dependents in the case of death, as well as pay the expenses of last sickness and burial.


“What our clients say”

“We have been very pleased with the service [Goodman Venegas] has provided to our company and individual policy holders... They are always available to assist myself with complex billing and claims problems or the individual contract holder with any issues they may have.”-Robbyn Martin, Human Resources Director-Binson’s Home Health Care Centers (Center Line, MI)


We’re here for you. If you need help, would like to find out more about our agency, or if you are ready to request an insurance discovery session, then let’s talk.

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  • Troy, MI 48083
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