Classification Reviews, Trail Audits, Captives & Alternative Funding
General liability insurance, also known as commercial liability insurance
is a broad commercial insurance policy that covers general liability
exposures of a business. Benton Luttrell recommends that all businesses have
general liability coverage in place.
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. BLC recommends that all professional and technology
companies have E&O 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, BLC 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.
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.