Any company with a board of directors or executive officers needs to consider Executive Liability Insurance.
Executive Liability is a type of insurance designed for employers to protect from employee claims such as harassment, discrimination, wrongful termination, hostile work environment, and more. Large corporations, in particular, with many employees, should take a look at this coverage to protect their businesses and finances.
What Does Executive Liability Include?
Crime - Covers losses resulting from the criminal behavior of an employee or third party.
Directors & Officers Liability insurance - Protect against claims by competitors, shareholders, and/or regulators.
Employment Practices Liability - Covers the company in the case of an employment claim. •
Fiduciary Liability - Protection from Errors and Omissions in the company's benefit plans and the employees that oversee them.
Kidnap and Ransom - Covers losses resulting from a kidnap or ransom of employees.