Professional Indemnity
& Financial
Directors and Officers Liability
With the rise in highly publicized corporate
scandals over the past few years, the duties and responsibilities
of directors and officers are under much harsher scrutiny.
The number as well as extent of litigation settlements against
corporations has escalated while new liability issues continue
to grow. And while publicly held Fortune 500 companies
have been prominent targets for these lawsuits, mid-sized
and privately held companies also are facing the risk of
costly litigation.
Eichlitz and the Wortham Group have in-depth
expertise in advising our clients on directors and officers
liability insurance to cover a wide range of possible wrongful
acts, such as errors, omissions, negligent acts or breaches
of duty. Known as D&O liability coverage, this
insurance addresses liabilities associated with the corporation
as well as individuals. Coverage typically extends
to past, present and future directors and officers; trustees;
outside director positions; and the entity for claims related
to securities or employment practices. The coverage
includes the cost of settlements, judgments and defense expenses
associated with lawsuits and other legal proceedings.
Fiduciary Liability
We consult with clients on coverage of fiduciaries
to provide liability protection of wrongful acts committed
during the administration and management of pension and welfare
plans. These policies also cover breaches of fiduciary
duty by other persons for whom the insured is legally responsible.
Employment Practices Liability
Our advisors assist clients in procuring
wide-ranging employment practices liability policies that
address employment-related practice exposures, including
wrongful termination, sexual harassment retaliation and discrimination.
Crime
The majority of business insurance policies
excludes or restricts coverage for any loss of money and
securities as well as employee dishonesty. To protect
your organization, our team will obtain crime insurance to
guard your company against employee dishonesty, forgery or
alteration, computer fraud, extortion, robbery and safe burglary,
theft, disappearance, destruction, and premises burglary.
Kidnap and Ransom
As part of a comprehensive business insurance
package or as a stand-alone policy, your Eichlitz agent can
assist your company in obtaining a kidnap and ransom policy
to cover certain expenses in dealing with kidnappers and their
demands. These policies typically cover hostage negotiation
fees, lost wages and the ransom amount. |
