Professional Lines

Executive Protection Insurance

Directors & Officers (D&O) Insurance

Company leaders can be held personally liable for their decisions. Even private companies face public scrutiny, putting the personal assets of Directors and Officers potentially at risk with every decision made.

D&O coverage may include:

  • Broad definition of “insured” to include past, present or future directors, officers, international functional equivalents, board members, employees, and management / advisory committee members
  • Optional additional dedicated limit of liability for executives for non-indemnifiable claims
  • Worldwide coverage
  • Spousal and domestic partner liability coverage
  • Entity
  • Broad definition of “claim” to include civil proceedings, written demands, criminal proceedings, arbitration or mediation, and written requests to waive statute of limitations
  • Private placement securities coverage
  • Coverage for many non-profit organizations available

Employment Practices Liability Insurance

Workplace relationships are complex, and employers have exposure in their daily interactions with current or former employees, unhired applicants, vendors, even the mail delivery person! Bottom line: exposures are growing, lawsuits are spiking, and most judgments are not in the employer's favor. Just one EPL claim could have a devastating effect on a company, especially a smaller firm.

EPLI Coverage may include:

  • Broad coverage for allegations including discrimination, workplace and sexual harassment, workplace torts, retaliatory treatment, and other wrongful employment decisions
  • Broad definition of “insured” to include the company, its executives, and employees
  • Definition of “insured” to include subsidiaries, board members, volunteers, leased employees, seasonal workers, and functional equivalents
  • Optional 3rd party coverages for allegations of sexual harassment and discrimination
  • Duty to defend
  • Spousal and domestic partner liability coverage
  • Amended settlement provisions
  • Coverage for punitive and exemplary damages (where insurable by law)

Fiduciary Liability Insurance

The Employee Retirement Income Security Act of 1974 places the personal assets of fiduciaries are at risk, but ERISA violations are excluded by standard D&O policies. Suits against fiduciaries can be brought for allegations including improper advice or disclosure, imprudent investments, conflicts of interest, negligence in plan administration, or lack of investment diversity; making it critical for fiduciaries to protect their personal assets.

Fiduciary Liability coverage may include:

  • Omnibus pension and welfare plan coverage
  • Coverage for merged, terminated and sold plans
  • Coverage for civil penalties under sections 502(i) and 502(l)
  • Broad employee benefit plan language to include plans outside the U.S. and any excess benefit plans
  • Optional coverage for defense outside the limits of liability

Crime Insurance

Most employers trust their employees, but many have exposure to crimes like embezzlement, fraud, forgeries, robbery, burglary, or modern technological frauds used to steal money, credit card numbers, or even intellectual property. Crime-related claims are rising, and independent studies reveal alarming employee theft statistics, making protection of company assets a top priority.

Crime coverage may include:

  • Very low minimum premiums
  • Worldwide coverage
  • Optional client coverage
  • Coverage for investigative costs for covered losses
  • Coverage for employee theft, money and securities while on premises or in transit, forgery, funds transfer fraud, computer fraud, money order and counterfeit currency fraud, and credit card fraud
  • Loss discovery or loss sustained option

Kidnap & Ransom Insurance

Most companies don't think Kidnap & Ransom coverage is necessary, but too often it proves its value, internationally and at home. A single extortion threat could financially ruin a company, making coverage to meet the costs of a successful negotiation and recovery invaluable.

Coverage may include:

  • Broad coverage for extortion threats against company merchandise, property, proprietary information, computer systems, and employees
  • Broad expense coverage for hijackings, wrongful detentions, and political threats
  • Reimbursement for ransom or extortion payments
  • Broad coverage for expenses related to medical and rehabilitation services, public relations, replacement employees, and security.
  • Accidental death or dismemberment coverage
  • Optional emergency political repatriation expense coverage
  • 24/7 access to a global network of trained specialists
  • Access to professionals ranging from law firms, special operations forces, law enforcement, intelligence agencies and The Ackerman Group, Inc.

For more information, call 1-800-828-3452 and ask for Christopher Boylan

Eligibility

Small to midsized businesses

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