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General Liability Insurance


General Liability Insurance is what covers your company from 3rd party liability. That is claims from physical injuries, whether bodily or property injury, from a party outside your company. This can happen if someone is injured from using one of your products or injured while on your property.

Coverage is not one size fits all and there are specific risks that certain companies will want to cover while others will not. This coverage can then be tailored to the needs of each business. For example, a tech company could cover themselves against personal injuries caused from a blog post or from claims of advertising injury caused while marketing. Read more…


Errors & Omissions Insurance


When you get covered for Errors & Omissions (E&O), you are protecting your business from two major risks. The first risk is the financial loss of a third party from the failure of the insured’s product to perform as intended or expected. The second risk is the financial loss of a third party caused by an act, error, or omission by the insured while in service for another party.

For any product you offer, whether it is software, a program, a physical good or even a service provided, there is an expectation of the performance of that product. Your E&O Insurance covers you if your product does not meet that (implicit or explicit) expectation. E&O Insurance covers litigations, settlements, and required court judgments. Read more…


Cyber Liability Insurance


Cyber Liability Insurance protects companies against 3rd party claims of proprietary loss resulting from a variety of electronic activities. Usually these electronic activities involve collecting some form of sensitive, personal, or confidential information.

Basically, if you hold sensitive data of any kind on a computer or electronically, there is risk that this information could be exposed or stolen by a hacker. If a network breach happens, Cyber Liability Insurance is meant to cover the costs associated with the breach, including costs to defend claims, fines, penalties, the loss resulting from identity theft, notification costs, and credit monitoring. It will also cover the cost for the loss of income during the time that your company needs to be shut down during the cyber security issue. Read more…


Directors and Officers Insurance


Directors and Officers (D&O) Insurance protects companies and their directors and officers from claims filed in response to the actions of directors and officers at the company when acting in the capacity of a director or officer. There are many applications to D&O insurance including breach of fiduciary duty, failure to comply with laws and regulations, securities fraud, and breach of contract.

D&O covers executives at a company, including board members. It can also be extended to cover company lawyers and external advisors. This insurance covers that cost of litigation and settlement brought against directors and officers. It can include lawsuits from customers, vendors, company shareholders, regulatory agency investigations, and criminal prosecutions. Read more…


Key Person Insurance


Key Person Insurance compensates a company upon the death or debilitating injury of a key executive. Basically, Key Person Insurance is life insurance for a company. If the Key person is no longer alive to produce for the company, then the company is compensated for this loss.

Just as with life insurance, Key Person coverage will pay a lump sum to the company in the case of death or incapacitation of the key person. Read more…


Employment Practices Liability Insurance


Employment Practices Liability Insurance (EPLI) covers companies against claims associated with employment practices, including hiring/terminating, employee workplace behavior, sexual harassment, discriminatory hiring practices, and wrongful termination.

There are many laws, federal and statewide, that requiring certain employment practices for all employers, which can leave the door open to litigation by unhappy employees or applicants. There are rules against discriminating against employees based on their age, gender, sexual orientation, race, and for many other reasons. Read more…