Cargo Insurance
Cargo insurance provides protection for goods and merchandise against physical loss or damage while they are being shipped by land, sea, or air. As a cornerstone of global trade and logistics, this policy safeguards a company’s financial interest in its products while they are in transit, covering risks from theft and mishandling to natural disasters.
Environmental Liability Insurance
Environmental liability insurance is a highly specialized policy that protects businesses from the enormous costs associated with pollution and environmental contamination. It covers expenses for cleanup, legal defense against third-party claims of bodily injury or property damage, and regulatory fines that are explicitly excluded from general liability policies, making it vital for high-risk industries.
Inland Marine Insurance
Despite its historical name, inland marine insurance is a modern policy that covers property, equipment, and materials while they are in transit over land or temporarily stored off-site. It fills a critical gap left by standard property insurance by protecting valuable assets that are mobile, such as a contractor’s tools at a job site or […]
Commercial Crime Insurance
Commercial crime insurance protects a business from financial losses caused by illegal acts such as employee theft, forgery, fraud, and embezzlement. Since these types of internal crimes are typically excluded from other business policies, this coverage is essential for safeguarding company assets, especially for businesses that handle cash or have employees with access to financial […]
Key Person Insurance
Key person insurance is a life or disability policy that a business buys on a vital employee whose death or incapacitation would cause a significant financial loss. The business itself is the beneficiary, receiving the funds to cover losses, hire a replacement, or pay off debts, thereby ensuring the company’s continuity and stability during a […]
Employment Practices Liability (EPLI)
Employment Practices Liability Insurance (EPLI) defends a business against lawsuits brought by employees who allege their legal rights as workers have been violated. This coverage is crucial for managing the growing risk of claims related to wrongful termination, discrimination, workplace harassment, and retaliation, paying for legal costs and settlements.
Directors & Officers (D&O) Insurance
Directors and Officers (D&O) liability insurance is designed to protect the personal assets of a company’s executives from lawsuits related to their management decisions. It covers legal defense costs and settlements arising from allegations of a “wrongful act,” such as a breach of duty or mismanagement, and is often required to attract and retain qualified […]
Product Liability Insurance
Product liability insurance protects a business from claims that a product it designed, manufactured, or sold caused bodily injury or property damage to a consumer. It covers legal fees and damages from lawsuits alleging design defects, manufacturing flaws, or a failure to provide adequate warnings, and is crucial for any business involved in the chain […]
Commercial Auto Insurance
Commercial auto insurance provides specialized coverage for vehicles owned or used by a business. Personal auto policies typically exclude business-related use, so this insurance is essential for covering liability and physical damage for a company’s fleet of cars, trucks, or vans, as well as for employees who use their personal vehicles for work tasks.
Professional Liability (E&O) Insurance
Professional liability insurance, also known as Errors and Omissions (E&O), protects professionals and service-based businesses from claims of negligence, mistakes, or inadequate work. It covers the legal costs and potential damages if a client sues for financial losses resulting from the professional’s services, making it essential for anyone who provides advice or expertise for a […]
