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Corporate Insurance Basics

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Credit Risk Insurance

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Protects businesses against the risk of non-payment by customers, providing indemnity for trade receivables.

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Product Liability Insurance

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Protects against claims of personal injury or property damage caused by products sold or supplied through a business.

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Workers Compensation Insurance

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Provides wage replacement and medical benefits to employees injured in the course of employment.

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Property Insurance

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Provides protection against most risks to property, such as fire, theft, and weather damage to corporate assets.

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Business Interruption Insurance

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Compensates businesses for lost income during periods when they cannot carry out business as usual due to an insured event like a disaster.

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Marine(Cargo) Insurance

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Covers the loss or damage of ships, cargo, terminals, and any transport by which property is transferred, acquired, or held between the points of origin and final destination.

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Professional Liability Insurance

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Also known as Errors and Omissions Insurance, it covers legal defense costs if a professional service provider is sued for not having performed their duties properly.

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Fidelity Bonds

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A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals.

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General Liability Insurance

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Covers claims of bodily injury or other physical injury or property damage. It is a foundational coverage in managing corporate risk.

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Key Person Insurance

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A life insurance on a key executive or employee whose death or incapacitation would cause a significant loss to the company.

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Cyber Liability Insurance

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Covers a business' liability for a data breach involving sensitive customer information.

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Event Cancellation Insurance

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Protects against financial losses resulting from the cancellation, postponement, or relocation of a significant event due to unexpected reasons.

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Directors and Officers Insurance

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Protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued for the way they managed a company.

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Commercial Auto Insurance

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Provides coverage for a company's use of cars, trucks, vans, and other vehicles in the course of carrying out its business.

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Environmental Liability Insurance

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Provides protection from the costs associated with environmental clean-up, as well as liability claims for environmental damage.

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