Directors & Officers insurance (also known as D&O insurance) specifically protects the directors and officers of your company in the event that a claim is filed against them. This type of liability insurance offers coverage for lawsuits and judgements stemming from poor management decisions, employee dismissals, shareholder grievances, and other managerial decisions that have adverse financial consequences.
Errors & Omissions insurance (also known as E&O insurance) is designed to protect professionals against liability claims that result from errors, omissions, and other mistakes that they made while performing their professional services. Unlike the coverages offered by commercial general liability insurance, E&O policies do not generally cover claims of bodily injury or property damage. This coverage is usually concerned with third-party economic or financial losses. E&O insurance is usually sought by those in :
- Insurance/Real Estate
- Law Offices
- Accounting Industries
Employment practices liability insurance (also known as EPLI) offers coverage that protects employers against employee (past, present, or prospective) claims of discrimination (based on sex, race, age, disability, etc.), wrongful terminations, harassment, invasion of privacy, false imprisonment, breach of contract, emotional distress, and wage and hour law violations. This type of insurance specifically covers the directors and officers, management personnel, and employees of your company.
Commercial crime policies offer coverage against various types of crime. For instance, standard policies generally include coverage for employee dishonesty, forgery or alterations, computer fraud, fund transfer fraud, kidnapping, ransom, extortion, money and securities fraud, money order fraud, and counterfeiting.
Interested in learning more about these professional/executive coverages? Then turn to the experts at Premier Risk, LLC. Our dedicated team of insurance professionals is always ready to assist you with all your coverage needs. Contact us to get started today.