Other Liability Insurance Considerations

from McDaniel - Whitley, Inc

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Most businesses face exposures that are not addressed by the typical General Liability policy. If you’re a lawyer, accountant, or architect, you know that you need Professional Liability (Errors & Omissions) insurance. But what if you’re a contractor, manufacturer, or retailer? You probably need different policies to cover the gaps that are unavoidable in the General Liability policy. We’re able to consult with you on the following:

  • Professional Liability Insurance (Errors & Omissions)
    Errors & Omissions (E&O) covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data. This type of insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers and technology companies. McDaniel-Whitley recommends that all professional and technology companies have E&O coverage.
  • Design Build Liability
    Contractors that enter into Design/Build contracts will be responsible for the errors and/or omissions of their employees and sub-contractors, including sub-contracted architectural or engineering services. We represent some of the best carriers in the business for this type of coverage.
  • Employment Practices Liability Insurance (EPLI)
    Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If you have employees, McDaniel-Whitley recommends considering this type of coverage.
  • Directors and Officers Insurance (D&O)
    D&O insurance covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. There is a variety of Directors and Officers coverage available such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.
  • Pollution Liability
    Contractors, property owners, and haulers should always consider their exposure to potential pollution liability. These policies can be written to include coverage for bodily injury, property damage, legal expenses, remediation expense, and cleanup arising from operations. Not all policies are equal, and each is underwritten to the specific needs of the insured.
  • Cyber Liability / Privacy and Data Breach
    All businesses face exposure to theft of confidential customer or employee data. Legal expenses and expenses associated with notification and credit monitoring can be crippling to a business, not to mention the fact that the bad press can damage the image and reputation of a business. Data breach claims are not limited to businesses that take credit cards or do business online. All businesses are susceptible.

To find out more about these, as well as other business insurance products and services, call us and we’ll help make sure you’re properly covered.