Having the right liability insurance is crucial for every business and organization. You can reduce the chances of being sued by purchasing the correct liability coverage.
- If you serve on a board of directors, whether for a non-profit or a for-profit organization, you need to have a Directors and Officers Liability Insurance policy. This coverage protects past, present and future directors and officers from damages arising out of an alleged or actual wrongful acts committed while serving on a board.
- Errors and Omissions Liability coverage pays the cost of your defense and for the damages awarded by a court for any advice, expertise or professional service that you have provided and could be at risk of being sued for by a customer. This type of coverage is also known as malpractice insurance.
- To protect your business against claims by workers that their legal rights have been violated, you need to have Employment Practices Liability Insurance. This insurance will protect you if there is a claim of sexual harassment, discrimination, wrongful termination, or mismanagement of your employee benefit plans. With the increase in lawsuits filed by employees, this is important protection to have for your business.
- Fiduciary Liability Insurance protects your business from the exposure you have while managing your employee benefit plans and retirement accounts. This includes claims that the investments were made improperly, that there was insufficient funding of these plans or that the fiduciary duties were not carried out by the business.
Our highly skilled agents strive to help you consider all the possible risks associated with your business to ensure that you are secure with the most appropriate coverage available. Contact Barr’s Insurance today to find out how we can help you lessen your exposures to claims.