Cyber insurance provides coverage in the event that your networks are breached, customer data or corporate information is stolen or ransomed, business operations are interrupted or corrupted due to a cyber attack, or your company is victimized by phishing or other cyber fraud.
More importantly, it provides immediate access to a team of experts, including lawyers, cyber professionals and even public relations firms to manage your company’s reputation.
An often overlooked coverage, Crime Insurance plays an integral role in managing corporate exposure as it relates to employee dishonesty, fraud, forgery, and counterfeit currency. While many property and liability insurance programs may include a sub-limit of $10,000 or $25,000, the majority of companies have exposure far in excess of those amounts and a dedicated Crime policy is needed in order to provide adequate coverage.
Director’s and Officer’s Liability
Privately owned companies can protect the owners, key employees, and executives from third-party claims, including resulting legal fees, resulting from their management decisions, including employment practices, health and safety regulations and breach of fiduciary duties. Situations such as sexual harassment claims, bankruptcy, a sale or merger, or allegations of discriminatory hiring practices are all occasions that can give rise to added exposure for business owners and management.