Management And Professional Liability Insurance 101

aa (2)[1]Operating a business is a lot like life – high risk often produces high reward. However, the St. Louis insurance professionals at The Daniel and Henry Company know that not all gambles payoff and the need to recognize the many types of exposures you face in managing your business is important. Here is a little more about each type of Management and Professional Liability Insurance policies that we offer:

Directors and Officers Liability Insurance – Directors and officers can be held personally liable for decisions they make in operating the company. Coverage is provided for defense/damages resulting from allegations of the insured’s wrongful acts.

Employment Practices Liability Insurance – Employment Practices Liability (EPL) Insurance provides coverage for defense of employment-related lawsuits, including wrongful termination, sexual harassment, and discrimination.

Fiduciary Liability Insurance – Under the Employee Retirement Income Security Act of 1974 (ERISA), fiduciaries are held personally liable for their decisions in managing employee benefit plans. Coverage is provided for the actual or alleged wrongdoing of the fiduciaries, and coverage extends to the sponsor organization and the plan.

Professional Liability Insurance – Because they are held to high standards, professionals are subject to allegations of negligence in the performance of their professional services. Subject to policy terms, this coverage provides for payment of defense costs and damages resulting from third party claims.

Kidnap, Ransom and Extortion Insurance – If you or your employees travel internationally or into high risk areas of the domestic market, this coverage is essential for your company. In addition to expense coverage and reimbursement of ransoms paid, your company is provided with immediate access to security consultants experienced in dealing with these types of threats.

Internet Liability Insurance – The expanding use of the Internet to conduct business has created the need for an insurance policy to protect against these new exposures. Coverage is available for copyright infringement, defamation, and violation of privacy.

Crime Liability Insurance – Crime policies protect companies from loss of money, securities, and other property resulting from employee dishonesty, forgery, computer fraud, and other criminal acts.

The Daniel and Henry Company staffs a dedicated group of professionals who understand the importance of providing protection for your corporate and personal assets. Contact us for more information on our Business Solution Insurance policies today!