Lawyers Professional Liability Insurance:
Also known as Errors & Omission or ‘Malpractice Insurance’ coverage, protects law firms against alleged Incidents/Legal Suits filed for potential/actual breach of professional duty/representation.
Employment Practices Liability Insurance – EPLI
The current climate has generated the largest sequence of claims against employers.
Employment Practices Liability Insurance provides coverage for claims brought by an employee against the employer for the following but not limited to:
- Wrongful termination
- Race discrimination
- Wage & Hour
- Third Party
Workers Compensation Insurance
Employers are required in California to carry workers compensation insurance coverage. This protects employees when injured or ill during their course of employment.
Business Owners Package (Property/Liability)
May include the following types of coverage:
- Business Personal Property
- Accounts Receivable
- Valuable Papers
- Fine Arts
- Premises liability
- Non-Owned Hired Automobile Liability
- Fire Legal
and additional coverage as needed by the respective firm.
Cyber liability addresses the first and third party risks associated with e-business, the internet, networks and informational assets. Cyber liability Insurance Coverage offers cutting edge protection from exposures arising out of internet communications.
Fiduciary liability insurance is coverage for the financial protection of fiduciaries of employee benefit plans against legal liability arising out of their role as fiduciaries, including the cost of defending those claims that seek to establish such liability. Most popular is a stand-alone form or separate fiduciary liability policy.
At least two other types of “coverage” are related to fiduciary liability insurance, and it is important to clarify them. First, fidelity bonds are required by law (ERISA bonding). This is a form of insurance for dishonesty situations. When dishonest administrators or trustees have financially harmed an employee benefit plan, these bonds may be used, but only for the benefit of the plan and the plan’s beneficiaries. This bonding insurance will not protect the trustees themselves from liability claims and is thus completely distinct from fiduciary liability insurance.