MADISON, Wis. – CUNA Mutual Group announced yesterday it is now offering Management and Professional Liability insurance, a new policy designed to protect credit unions and the personal assets of their directors, officers, volunteers and employees from a growing number of litigation exposures related to operating a credit union.
Processing Content
MPL insurance provides protection from lawsuits arising from errors, omissions, misleading statements, breach of fiduciary duty and other management and services-related issues.
The new MPL policy is offered as an alternative for credit unions renewing their Special Insurance Package on or after Jan. 1, 2010, in most states.
