Commercial Liability Insurance
Also known as “General Liability,” Commercial Liability Insurance is exactly what it sounds like: a broad type of policy that covers the general liability exposures a business might face during its normal day-to-day operations. Paul Richardson Agency recommends that all businesses have this type of coverage in place at all times.
Errors & Omissions Insurance (E&O)
E&O insurance, also known as Professional Liability Insurance, covers professionals for negligence, as well as for errors or omissions that damage their clients or cause damage to a third party’s data. E&O insurance is especially important for licensed professionals such as accountants, attorneys, insurance agents, architects, engineers and technology companies.
Employment Practices Liability Insurance (EPLI)
EPLI for employers covers employment-related liabilities other than on-the-job injuries. This can include both legal fees and damages for suits such as wrongful dismissal, sexual harassment, and other alleged violations of employees’ legal rights. Businesses who have employees are strongly encouraged to put this type of coverage in place.
Directors and Officers Insurance (D&O)
This type of insurance covers directors and officers of a company for negligent acts, omissions, or misleading statements that result in a lawsuit against the organization. A variety of coverage types are available under this policy type, including corporate reimbursement coverage, entity coverage, and more.
Every business is unique, and the insurance plan that works for one business may not work for another. Contact us to find out how to get the liability insurance that best fits your needs.