Directors and Officers Insurance

Directors and Officers (D&O) liability insurance stands as one of the most complex and misconstrued insurance policies. Understanding what D&O insurance entails is a challenge for many, including business executives and non-profit leaders. Surprisingly, a significant knowledge gap exists, with a 2013 survey by Chubb revealing that 65% of participants were unaware of the necessity […]

Commercial Crime Insurance: What It Is, Coverage, Cost & More!

Commercial crime insurance, also known as business crime insurance, is an essential coverage for businesses to protect themselves from financial losses resulting from criminal acts committed by employees. It provides reimbursement for losses caused by theft or fraud that affects clients or customers. Whether you’re a small business owner or an insurance professional, this article […]

Cyber Insurance: What It Is & Why It Is Important

In today’s digital age, where businesses rely heavily on technology and data storage, the risk of cyber threats and data breaches has become a major concern. Cyber insurance, also known as cyber liability insurance, is a specialized insurance coverage designed to protect businesses from the financial losses and liabilities associated with cyber-related incidents. In this […]

Fiduciary: Meaning, Examples & Why It Is Important

A fiduciary is a term that refers to a legal and ethical relationship between a person or entity (the fiduciary) and another party (the principal or beneficiary) on whose behalf the fiduciary acts. The fiduciary is entrusted with the responsibility of acting in the best interests of the principal or beneficiary and must exercise care, […]

Protect Against Employee Theft with Crime Insurance for Business

Whether it’s protecting the cash register or industry trade secrets, all businesses must prevent crime from causing direct loss and business interruption. From employee crime to occupational fraud, any losses incurred from a crime committed against the business can be devastating for the company and its stakeholders. The likelihood of a business experiencing crime can vary […]

Professional Liability Insurance for Small Businesses

Mistakes happen. What do you do when a client sues your business for professional services provided? Make sure you’ve covered when it comes to legal fees, project delays, and more. Professional liability insurance, also referred to as errors and omissions insurance, is a type of coverage that covers claims and protects professionals and small businesses from […]