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Corporate Insurance Basics
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General Liability Insurance
Covers claims of bodily injury or other physical injury or property damage. It is a foundational coverage in managing corporate risk.
Professional Liability Insurance
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.
Property Insurance
Provides protection against most risks to property, such as fire, theft, and weather damage to corporate assets.
Workers Compensation Insurance
Provides wage replacement and medical benefits to employees injured in the course of employment.
Product Liability Insurance
Protects against claims of personal injury or property damage caused by products sold or supplied through a business.
Directors and Officers Insurance
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.
Cyber Liability Insurance
Covers a business' liability for a data breach involving sensitive customer information.
Business Interruption Insurance
Compensates businesses for lost income during periods when they cannot carry out business as usual due to an insured event like a disaster.
Commercial Auto Insurance
Provides coverage for a company's use of cars, trucks, vans, and other vehicles in the course of carrying out its business.
Fidelity Bonds
A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals.
Environmental Liability Insurance
Provides protection from the costs associated with environmental clean-up, as well as liability claims for environmental damage.
Marine(Cargo) Insurance
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.
Credit Risk Insurance
Protects businesses against the risk of non-payment by customers, providing indemnity for trade receivables.
Key Person Insurance
A life insurance on a key executive or employee whose death or incapacitation would cause a significant loss to the company.
Event Cancellation Insurance
Protects against financial losses resulting from the cancellation, postponement, or relocation of a significant event due to unexpected reasons.
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