Even small business owners face employment practices liability. Employees can bring employment claims for a variety of reasons: wage and hour, harassment, discrimination, wrongful termination, retaliation, defamation, and unfair hiring practices are just a few of the issues employees may allege against an employer. Employment Practices liability coverage helps to protect your company against claims brought by applicants and employees.
Directors’ and Officers’ Personal Assets May be at Risk
Directors and officers face a variety of fiduciary risks and claims from clients, employees and competitors. Directors & Officers (D&O) coverage protects you and provides defenses against these liability claims.
Additionally, many business professional serve on committees and boards outside their organizations, generally on nonprofit boards and committees which may have limited or inadequate liability coverage. Outside D&O coverage allows you to serve your community knowing you have greater protections for most acts while sitting on that board.