Directors & Officers Liability
The D&O policy goal is to protect the personal assets of directors and officers from potentially unlimited financial liability. Such loss may result from litigation that finds the directors and officers personally liable for real or alleged wrongful acts, errors or omissions in the performance of their corporate duties. Coverage will pay directly on behalf of the individuals if they are not able to be indemnified by the company, (due to financial insolvency or falls outside of the indemnification obligation), or it will reimburse the corporation for its indemnification payments. Coverage can also be included for the corporate entity for its own liability.
Errors and Omissions/Professional Liability
The financial consequences of a Professional Liability lawsuit can be devastating. Any individual, partnership or corporation providing Professional Services can be exposed to liability arising out of an error or mistake, failure to perform or negligence in providing their professional services.
Employment Practices Liability (EPL)
Employment related allegations
continue to rise resulting in new and emerging risks for all employers.
EPL Insurance can provide protection for your company and employees for
allegations such as wrongful termination, discrimination, sexual harassment
and other workplace related torts.
Management Liability for Venture Capital or Private Equity Funds (General Partnership Liability)
Personal Liability for a General Partner of a Partnership
is available and is similar to the risks associated with
the Directors and Officers Liability. It extends to protect
the General Partner Partnership,
Investor Advisor professional services, EPL and Outside
Directorship which protects individuals from sitting
on Boards of the portfolio companies.
Fiduciary Liability
A fiduciary is defined in numerous ways including a trust or employee benefit plan, any trustee, officer or employee of the trust or employee benefit plan or employer who is sole sponsor of a plan. This insurance provides coverage for the liability arising from claims for the alleged failure to prudently act within the meaning of the Pension Reform Act of 1974.
Kidnap/Ransom
The K&R policy provides coverage for kidnappings and other events through a combination of specialized crisis management and financial indemnification.
Other Coverages
For any other Commercial (General Liability, Property, Workers Comp, Benefits) or Personal (Auto, Home, Umbrella, Life/Health) please click here for the full services of The Coughlin Group, Inc.
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