General liability insurance, or commercial liability, is a dynamic policy that covers general liability exposures of a business. Sharkey Insurance recommends that all businesses have general liability policy.
Professional Liability Insurance (Errors & Omissions)
Errors & Omissions (E&O) coverage protects professionals for negligence, errors, or omissions that injure their clients or cause damage to a third party’s data. This type of insurance is particularly important for licensed professionals who deal with sensitive information. Tech companies, law firms, consultants, and CPAs should make sure to have E&O protections in place.
Employment Practices Liability Insurance (EPLI)
EPLI for employers covers job-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If your business has employees other than yourself, Sharkey Insurance recommends this type of coverage.
Directors and Officers Insurance (D&O)
D&O insurance covers directors and officers of a company for negligent acts, omissions, and for misleading statements that result in lawsuits. There are several coverage plans available, including corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include extra coverage as well.
Contact the insurance professionals at Sharkey Insurance to learn more about these plans.