Management Liability
Management Liability Insurance provides essential coverage for claims related to employment practices, including those made by employees, former employees, or job applicants. These claims may involve wrongful termination, discrimination, harassment, or other workplace issues. This coverage helps protect businesses from costly legal expenses and reputational damage.
Directors and Officers Liability protects a company’s directors and officers (D&Os) from personal, financial loss. The policy covers D&Os when they are and are not indemnified by the company. The policy will pay for the cost of defense, settlements and judgements.
- Shareholders
- Claims alleging poor financial results affecting the value of their shares.
- Claims alleging poor financial results affecting the value of their shares.
- Customers
- Claims alleging breach of contract alleging failure to provide goods and/or services.
- Claims alleging breach of contract alleging failure to provide goods and/or services.
- Competitors
- Claims alleging unfair trade practices like copyright infringement, interference with economic relations, antitrust, misrepresentations, libel or slander, and misappropriation of trade secrets.
- Claims alleging unfair trade practices like copyright infringement, interference with economic relations, antitrust, misrepresentations, libel or slander, and misappropriation of trade secrets.
- Regulators
- Claims from the SEC, IRS, FDA can sue for violations of laws, acts of fraud, or other regulatory breaches.
Employment Practices Liability protects businesses from claims by employees alleging violations of their legal rights in the workplace.
- Employment Discrimination
- Claims alleging discrimination by age, race, gender, religion, disability, or other protected characteristics.
- Claims alleging discrimination by age, race, gender, religion, disability, or other protected characteristics.
- Employment Harassment
- Claims alleging harassment in forms of sexual, general, and bullying.
- Claims alleging harassment in forms of sexual, general, and bullying.
- Wrongful Termination
- Claims alleging unfair or unlawful firing.
- Claims alleging unfair or unlawful firing.
- Third Party
- Claims brought by non-employees (like customers, clients, or vendors) alleging wrongful employment practices, such as discrimination or harassment.
Fiduciary Liability coverage protects companies and employees responsible for overseeing retirement and health plans against claims of mismanagement or errors and omissions.
- Failure to administer the plan according to plan documents
- Wrongful denial or improper change in benefits.
- Delinquent employer contributions
- Conflict of interest in investment of plan assets
- Inaccurate or lack of reporting to plan members
- Failing to properly value plan assets or to hold plan assets in trust
Crime insurance, also known as commercial crime insurance or fidelity insurance, protects businesses from financial losses resulting from criminal acts like theft, fraud, and employee dishonesty.
- Employee Dishonesty
- Protection from losses caused by fraudulent or dishonest actions by employees, including theft, embezzlement, and misappropriation of funds.
- Protection from losses caused by fraudulent or dishonest actions by employees, including theft, embezzlement, and misappropriation of funds.
- Third-Party Fraud
- Coverage for financial losses resulting from fraudulent activities by third parties, such as contractors, clients, or vendors.
- Coverage for financial losses resulting from fraudulent activities by third parties, such as contractors, clients, or vendors.
- Forgery or Alteration
- Protection against losses resulting from forged or altered documents, checks, or securities used in transactions.
- Protection against losses resulting from forged or altered documents, checks, or securities used in transactions.
- Theft of Money and Securities
- Covers the theft of money, securities, and other assets from your business premises or in transit.
- Covers the theft of money, securities, and other assets from your business premises or in transit.
- Social Engineering
- Protects against cybercriminals who impersonate trusted individuals to deceive others into releasing confidential information, funds, or other property.
Kidnap and ransom insurance, protects individuals and organizations against financial losses resulting from kidnapping, extortion, and ransom demands.
- Ransom Payments
- Reimbursement for funds paid to kidnappers or extortionists.
- Reimbursement for funds paid to kidnappers or extortionists.
- Crisis Management Costs
- Fees for security consultants, negotiators, investigators, and public relations experts.
- Fees for security consultants, negotiators, investigators, and public relations experts.
- Legal Expenses
- Reimbursement for legal fees and defense costs related to kidnapping or extortion incidents.
- Reimbursement for legal fees and defense costs related to kidnapping or extortion incidents.
- Medical and Psychological Care
- Coverage for medical expenses and psychological counseling for the victim and their family.