Specialty Liability Insurance
Professional Liability
General Liability insurance does not protect your business against claims
of professional negligence, or for failure to perform your professional
duties. For this type of coverage, the business will need a separate
Professional Liability policy.
Professional Liability Insurance protects
your business against loss from a claim of alleged negligent acts, errors
or omissions in the performance of your professional services.
The policy normally pays for any resulting judgments
against you, including court costs, up to the coverage limits on your policy.
Employment Practices
Liability
Employment practices liability coverage protects an employer against an employee's
claims such as:
- Wrongful
Termination
- Sexual
or Workplace Harassment
- Wrongful
Discipline
- Age
Discrimination
- Violation
of Employment Discrimination Laws
- Violation
of Americans with Disabilities Act
- Wrongful
Failure to Employ or Promote
- Wrongful
Deprivation of a Career Opportunity
- Breach
of Employment Contract
- Employment
Related Misrepresentation
- Failure
to Adopt Adequate Workplace Employment Policies & Procedures
- Illegal
Retaliatory Treatment
- Invasion
of Privacy
- Negligent
Evaluation
- Employment
Related Wrongful Infliction of Emotional Distress
The
purpose of this insurance is to protect the corporation, directors, officers
and employees from alleged employment-related wrongful acts. Some features
to having
this policy are
Coverage
for front/back pay, attorneys’ fees and compensatory damages, for
punitive damages where insurable by law, for actual or alleged retaliatory
treatment, varying retention's for class action suits or other claims,
for emotional distress or mental anguish, no purposeful or intentional
acts exclusion or reductions in force or mass layoffs exclusion.*
*Coverage
varies from company to company.
Directors & Officers Liability
Directors and officers liability coverage protects directors and officers
against claims alleging negligence, errors and omissions, misstatements,
misleading
statements and misrepresentations.
Most organizations have a general liability policy that protects its
directors and officers against negligent acts that result in bodily injury
or
property damage. However, general liability does not protect against
alleged wrongful
acts or omissions, including breach of duty, which do not result
in bodily injury.
Directors and officers coverage protects your executives from potential
lawsuits resulting from key decisions or management practices-lawsuits
that may target their personal assets.
A comprehensive
Directors & Officers liability policy can provide
the following:
Insured's include
- Directors
- Officers
- Committee Members
- Volunteers
- Trustees or Employees
Comprehensive
D&O Insurance can:
- Defend Prior Acts
- Defend Non-Monetary
Damages
- Provide Duty to
Defend Coverage
- Defend Libel, Slander & Defamation
of Character
- Defend Discrimination,
Sexual Harassment and Wrongful Discharge
Crime coverage
can extend to those who may have access to your companies
funds:
- Employee Dishonesty
- Money & Securities
- Forgery & Depository
Pollution / Environmental
Liability
Environmental coverage generally falls into two categories. Errors
and omissions coverage, also known as professional liability, protects
a professional who mistakenly designs a facility that causes pollution
in some way. Pollution incident coverage protects professionals on
the job in case they cause a pollution incident by perhaps backing
into a sewage pipe.
Policies for
environmental consultants
can feature broad coverage specifically tailored to the specific
needs of a professional in the environmental field. Coverage may include
pollution incident and asbestos coverage as well as retroactive coverage
for
eligible
firms.
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