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Specialty Coverages Employee Practices Liability Insurance
Employment practices claims have become commonplace for companies of all sizes, and even
"routine settlements" in these claims can bankrupt growing businesses. Meanwhile, recent U.S.
Supreme Court rulings impose greater liability on employers in discrimination lawsuits. These
rulings, experts agree, mandate an affirmative defense in certain employment lawsuits-including
proof that reasonable care was taken to "prevent and correct" unlawful behavior.
The wide variety of claims commonly brought against private companies by employees, including
lawsuits alleging wrongful termination, discrimination, harassment, retaliation and other
employment practices violations.
Directors and Officers Liability Insurance
Directors and officers of publicly and privately held companies along with the entity(ies)
they represent are finding themselves under fire in lawsuits from numerous constituents, including
employees, shareholders, customers, government bodies, and others. Yet despite this alarming
trend, many private company directors and officers continue to underestimate the risks they
can face when taking on management responsibilities. Their quest to contribute to the company's
bottom line by dealing with day-to-day operations or making general business decisions can leave
them more vulnerable to lawsuits. Moreover, these lawsuits can have a particularly severe impact,
since the owner's personal net worth is often tied directly to the long-term financial health of
the company.
Fiduciary coverage
The individuals who administer employee benefit plans are subject to personal liability under ERISA,
the federal law that governs employee benefit plans. Plan fiduciaries can never fully insulate
themselves from liability from ERISA although a fiduciary policy can offer relief.
Professional Liability Insurance
Protects you against loss from a claim of alleged negligent acts, errors or omissions in the
performance of your professional services. This might include loss of client data, software or
system failure, claims of non-performance, or negligent oversell.
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