Miscellaneous Professional Liability Insurance: Application, Coverage & Who Uses It
In the dynamic world of business and professional services, the potential for errors, omissions, negligence, or breaches of duty is ever-present. These risks can lead to significant financial loss and the possibility of lawsuits. This is where Miscellaneous Professional Liability Insurance comes into play. In this comprehensive guide, we will delve into the application, coverage, […]
Understanding Malpractice Insurance
Imagine this: you’re a healthcare professional dedicated to your patients. Unfortunately, despite your best efforts, an unexpected outcome leads to a lawsuit alleging negligence. Suddenly, the weight of legal fees and potential damages bears down. This is where malpractice insurance steps in, acting as a financial lifeline against such claims. What is Malpractice Insurance? In […]
Non Profit D&O Insurance
D&O insurance safeguards your decision-makers The board of directors plays a crucial role in steering the course of your nonprofit organization. From establishing goals and strategies to allocating funds and determining employee salaries, their decisions carry significant weight. Consequently, it is essential to provide liability protection for the board members. Directors and officers (D&O) insurance, […]
Social Engineering Insurance
Social engineering fraud (SEF) insurance coverage serves as a financial safeguard for organizations facing monetary losses due to an employee falling prey to a social engineering scam. This specialized coverage is designed to specifically address losses resulting from the sincere transfer of money, securities, or other assets, triggered by fraudulent instructions from an individual falsely […]
Employee Dishonesty Insurance: Protecting Your Business from Insider Threats
Running a business requires trust. As an employer, you entrust your employees with valuable assets, sensitive information, and the reputation of your company. But unfortunately, sometimes trust is broken. Employee dishonesty, from petty theft to elaborate fraud schemes, can cripple a business. That’s where employee dishonesty insurance comes in, acting as a safety buffer in […]
Theft Insurance: Understanding Coverage and Protecting Your Belongings
Theft. It’s a nightmare we all hope never happens, but the reality is, no one is immune to losing their prized possessions. This is where theft insurance steps in, offering a sense of security and financial protection in the face of unexpected loss. What is Theft Insurance? In simplest terms, theft insurance is a type of insurance […]
Employment Practices Liability Insurance for Wrongful Termination Claims
Protect your business from wrongful termination claims. Employment practices liability insurance (EPLI) gives companies coverage against certain claims that arise from the workplace. What is Wrongful Termination? Wrongful termination refers to the unlawful or unjustifiable termination of an employee’s employment contract by an employer. In general, employment in the United States is considered “at-will,” meaning that either […]
Why Get Cyber Security Insurance for Small Business
Cybersecurity insurance, also called cyber insurance or cyber liability coverage, is designed to protect businesses from the losses and liabilities associated with data breaches and incidents. As the frequency and severity of threats have increased, cybersecurity insurance has become an essential component of risk management for organizations. What is Cyber Liability Insurance and Why Do You Need […]
Data Breach Insurance
Data breach insurance encompasses various policies designed to shield companies from financial losses arising due to a data breach. These policies include cyber liability insurance and technology errors and omissions insurance (tech E&O). Why is data breach insurance crucial? With security breaches making headlines, IT consultants are increasingly recognizing the role of small business insurance in managing financial risks […]