Liability Insurance

These policies protect a business when it is held legally responsible for injury or damage to others.

• General Liability (CGL): Covers legal fees and damages for third-party bodily injury, property damage, and advertising injuries.

• Professional Liability (E&O): Protects service-based businesses against claims of negligence, mistakes, or failure to perform professional duties.

• Directors and Officers (D&O): Covers the personal assets of corporate directors and officers if they are sued for managed-related decisions.

• Employment Practices Liability (EPLI): Protects against lawsuits from employees regarding wrongful termination, discrimination, or harassment.

• Product Liability: Covers businesses against claims that a product they manufactured or sold caused injury or damage.

• Cyber Liability: Helps a business recover from data breaches, cyberattacks, and the resulting legal or notification costs.

• Liquor Liability: Provides coverage for businesses that sell or serve alcohol in the event a patron causes damage or injury.

• Pollution/Environmental Liability: Covers bodily injury, property damage, and cleanup costs caused by contamination or hazardous materials.

Property and Asset Insurance

These policies protect the physical assets owned or used by a business.

• Commercial Property: Covers damage to buildings, equipment, and inventory due to fire, theft, or natural disasters.

• Business Interruption: Replaces lost income and covers operating expenses if a business is forced to close temporarily due to a covered peril.

• Inland Marine: Protects products, materials, and equipment while they are in transit over land or stored at a third-party location.

• Ocean Marine: Covers vessels and cargo during international transit across oceans and waterways.

• Commercial Auto: Provides physical damage and liability coverage for vehicles used for business purposes.

• Crime Insurance: Protects against losses from employee dishonesty, embezzlement, forgery, or robbery.

• Equipment Breakdown: Covers the cost of repairing or replacing specialized machinery that breaks down due to internal causes like power surges or motor burnout.

Employee-Related Insurance

These lines focus on the health, safety, and legal requirements regarding a company’s workforce.

• Workers’ Compensation: Provides medical benefits and wage replacement to employees injured on the job, usually required by law.

• Key Person Insurance: A life or disability policy taken out by a business on a crucial employee to offset the financial hit of their loss.

• Commercial Umbrella: Provides an extra layer of liability limit that sits above other primary policies like General Liability or Auto.

Specialized and Financial Lines

These are niche products designed for specific industries or financial guarantees.

• Surety Bonds: A three-party agreement where the insurer guarantees that the business will fulfill its contractual obligations.

• Builder’s Risk: Specifically covers buildings and materials while they are under construction or renovation.

• Fiduciary Liability: Protects businesses and individuals who manage employee benefit plans or retirement funds from claims of mismanagement.

• Aviation Insurance: Highly specialized coverage for the operation, maintenance, and hull damage of aircraft.

Core Professional Lines

• Errors and Omissions (E&O): Protects traditional professionals (consultants, brokers, agents) against claims of negligence or inadequate work.

• Medical Malpractice: A specific form of E&O for healthcare providers covering injuries or deaths resulting from medical errors.

• Legal Malpractice: Provides defense and indemnity for lawyers accused of missing deadlines, conflicts of interest, or providing poor legal advice.

• Architects and Engineers (A&E): Covers design flaws, structural errors, and technical mistakes in construction or infrastructure projects.

• Technology Professional Liability (Tech E&O): Protects tech companies if their software, hardware, or services fail to perform as promised or cause a client financial loss.

Management & Governance Lines

• Directors and Officers (D&O): Covers the personal liability of corporate leaders for “wrongful acts” in the management of a company.

• Employment Practices Liability (EPLI): Protects the entity against claims from employees regarding their legal rights, such as discrimination or wrongful termination.

• Fiduciary Liability: Protects those who manage employee benefit plans (like 401ks) from claims of breach of duty or mismanagement of funds.

• Crime / Fidelity: Covers the loss of money or securities resulting from employee dishonesty, forgery, or computer fraud.

• Kidnap and Ransom (K&R): Provides specialized response services and reimbursement for ransom payments and related costs for executives traveling abroad.

Modern & Niche Professional Lines

• Cyber Liability: Covers a professional’s liability for data breaches, including notification costs, forensic investigations, and regulatory fines.

• Media Liability: Protects publishers, broadcasters, and advertisers against claims of defamation, libel, slander, or copyright infringement.

• Public Entity Liability: Specialized professional coverage for government officials and entities to protect against civil rights claims or mismanagement of public funds.

• Investment Management Insurance (IMI): A combined policy for private equity or hedge funds covering D&O, E&O, and Fiduciary risks in one package.