Business owners of all kinds must know to secure Management Liability and/or Directors & Officers (DO) coverage. A complement consisting of any selection for coverage of Employment Practices Liability Insurance (EPLI), Directors & Officers (DO), Fiduciary (F), Network Privacy & Security, Media, Technology E&O, E&O/Cyber and Crime Liability with ERISA fidelity/surety for retirement plan responsibilities.
Employment Practices Liability (EPL) protects companies and individuals against loss (damages and defense costs) arising out of employment practice disputes. Common claims allege discrimination, sexual harassment, wrongful termination, and wrongful discipline.
Directors and Officers Liability (D&O) protects directors and officers of public, private, and not-for-profit corporations against loss (damages and defense costs) arising out of their status or conduct as directors or officers. Common claims allege breach of duty, security law violations, and unfair competition.
Fiduciary Liability protects fiduciaries (as defined by ERISA) against loss (damages and defense costs) arising from the administration and management of employee benefit and pension plans. Common claims allege ERISA violations, negligent advice, careless plan management, and errors and omissions.
Professional Liability/Errors & Omissions (E&O) protects companies and individuals against loss (damages and defense costs) resulting from acts, errors or omissions in their performance of professional duties. Common claims allege negligence, misrepresentation, design errors, violation of good faith and fair dealing and inaccurate advice.
Community Banks provides a broad range of Liability, Fidelity Bond and Property/Casualty insurance to financial institutions (assets of under $3B), comprised of Commercial Banks, Savings Banks, Savings & Loans, denovo institutions, and Credit Unions. Coverages include D&O (traditional, excess, and Side A), EPL, Fiduciary, E&O, Fidelity Bond, E-Risk, P&C Package, Auto, Workers' Compensation, Umbrella and Mortgage Interest & Liability. Network Security & Privacy Protect your information and that of all electronically stored data of your clients' personal information against attacks and viruses plus hacking resulting in security breaches. Media Cyber Liability Modern businesses rely on electronic data, computers and networks to support critical operations to better serve customers. Think about it: Do you use e-mail, store data (including private information on computers), generate revenue online or use your network to control production, manufacturing, inventory or a supply chain? If so, then you are at risk if you don't have information risk coverage. Claims can be brought from those who see or hear your media for defamation, libel, slander, emotional distress, mental anguish or outrageous conduct. Protect against infringement, copyright, plagiarism, invasion or piracy. Network Security & Privacy Protect your information and that of all electronically stored data of your clients' personal information against attacks and viruses plus hacking resulting in security breaches. Technology and Telecommunications "IT" Errors and Omissions (Tech IT E&O) The concept of Tech & Telecom E&O Liability takes into account your security countermeasures that may fail or prove inadequate, allowing hackers to penetrate your clients networks, also noteworthy are allegations brought of software copyright infringement and defects in your software product. As you provide a service and help other's with their technology that provides information on the Internet, you should procure Tech & Telecom E&O, if your company is offering e-business for others or if you create or maintain network and informational assets of intellectual property for others. Tech & Telecom E&O coverage offers defense and a limit of insurance to claims demanding monetary and non-monetary relief, wrongful acts, personal/proprietary injury, conduct of technology, punitive and exemplary damages, software code infringement, failure to prevent unauthorized access, allegations of fraud or wrongdoings and misappropriation of trade secrets.
Fidelity/Comprehensive Crime Insurance protects organizations and financial institutions from loss of money, securities, or other property resulting from crime. Common claims allege employee dishonesty, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts.
ERISA Insurance reimburses covered plans for loss due to fraud by a trustee, officer, employee, administrator or a manager, except an administrator or a manager who is an independent contractor. Coverage is available as an endorsement to our Comprehensive Crime Policy. Third Party ERISA is available on a stand-alone basis and includes administrators or managers who are independent contractors.
Transaction Insurance products provide an insurance solution to obstacles or "deal issues" that impede or prevent the closing of transactions such as acquisitions, asset sales, cross-border transactions, financings, investments, mergers, restructurings or reorganizations. The products include Contingency Insurance, Tax Opinion and Tax Issue Insurance, and Representations & Warranties Insurance.
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