Professional & Management Liability
Developing the right protection for business and financial risks requires an understanding of historic experience, emerging trends, and available solutions.
We intimately understand the ever-changing management liability product markets. Through direct relationships with national providers, non-standard surplus line underwriters, and Lloyd’s of London, we are able to deliver the structure, terms, conditions, and pricing that forward-looking clients require.
Professional liability insurance, also known as errors and omissions insurance (E&O), protects you and/or your company from the costly defense and settlement of claims for errors, omissions, or the failure of your work to perform as promised or intended.
Professionals are expected to have extensive technical knowledge or training in their particular area of focus, and to perform services for which they were hired, according to the standards of conduct in their profession. Certain professions (architects, engineers, lawyers, and medical practitioners) bear a more intrinsic E&O risk than others.
Coverage includes legal defense costs — no matter how baseless the allegation — and can pay for any resulting judgments, including court costs.
In our increasingly litigious society, every employer, large or small, faces the potential of being a target of legal action from past, present, and prospective employees. Employment practices liability insurance (EPLI) is not automatically covered under general liability or workers compensation.
Not only are the numbers of employment-related claims increasing, but so is the potential financial risk to businesses. Without EPL insurance, defending a wrongful termination or discrimination claim —
Directors & Officers
Recruiting and retaining talented corporate directors, officers, and trustees is a challenge faced by most companies. Directors, officers, and trustees should be concerned about their personal liabilities associated with a board’s actions or inactions.
The growth in public bankruptcies, corporate scandals, new legislation, and regulation in Canada and the U.S. has spawned litigation increasing personal risk to directors, officers, and trustees for boardroom responsibilities.
Comprehensive directors, officers, and trustees insurance coverage addresses this exposure and helps retain or attract quality board members.