Employment Practices Liability (EPLI)
Everyday we read newspaper reports about companies being sued by an employee over an alleged wrongful act. EPLI insurance provides protection for you as an employer from claims arising from employment related issues, such as: wrongful termination, failure to hire or promote, discrimination, harassment, and employee privacy violations. Would you be protected if an employee accused your company of one of these acts? Chances are you wouldn't if you don't have EPLI coverage.
Directors and Officers Liability (D&O)
When a lawsuit is brought against a company, the directors and officers are often also named personally as defendants, placing their personal assets in jeopardy. D&O insurance is generally purchased by the company for the benefit of the board members who can be held personally liable for acts of the company for claims made by stockholders, employees, clients, and even government regulatory agencies. Directors and Officers Liability most often includes Employment Practices Liability and Fiduciary Liability.
If your company has a 401(k) or other qualified employee benefit plan, ERISA defines the responsibilities of those that make decisions about the plans. Did you know you could be held personally liable for losses to the plan?
Errors and Omissions (E&O)
Errors and Omissions (E&O) also known as Professional Insurance protects you or your company should a client claim a service provided was not up to par. Not only does it protect you as an individual, but it can extend to employees, subcontractors mistakes or errors.
This policy can provide coverage for money, securities, and other property from employee theft, or third parties. It can also cover money and securities while in transit, losses due to forgery, computer theft, or fraud.