Professional Liability & Management Liability
Insurance from Securance
Securance provides publicly-traded, privately-held, and not-for-profit organizations and companies of all sizes and industry sectors with insurance solutions to address professional and management liability-related risks.
Our comprehensive insurance solutions are designed to respond to threats impacting a firm and its executives' financial wellbeing.
We partner with top-tier insurance companies to provide sound, flexible products in managing your most challenging exposures, supported by superior service and claims handling.
Professional Liability Insurance
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Directors & Officers (D&0) Liability Insurance
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Employment Practices Liability Insurance
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Crime Insurance
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Cyber Insurance
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Fiduciary Liability Insurance
Kidnap/Ransom and Extortion (KR&E) Insurance
Professional Liability
Insurance
Businesses that provide professional services should have Professional Liability insurance, also known as Errors & Omissions (E&0) coverage, as part of their comprehensive insurance portfolio of products to protect against liability as a result of a claim for an error, omission, or negligence in the performance of their professional services. If you are found responsible for financial damage to the claimant due to the rendering of services, Professional Liability insurance will pay to legally defend the claim and any settlement or judgment up to the policy's limit.
It is critical not only to have this coverage but also to ensure that it is tailored to your industry and operation, including your liability limits and the definition of when your insurance will respond. We take to truly understand your business and tailor a policy that protects you from the risks you face while performing the services you provide.
Directors & Officers Liability (D&0) Insurance
All types of organizations and their directors and officers are susceptible to personal liability actions from a number of areas. A competitor may sue management for unfair trade practices, restraint of trade, and trade secret violations. Creditors, customers, suppliers/vendors, and regulators can also take legal action against management.
D&0 insurance provides protection for allegations of mismanagement, failure to perform, and other management liability issues that cause economic or financial injury. Coverage is available to protect the executives' personal liability and the entity's obligations to indemnify its key managers for the cost of investigations and legal defense as well as settlements offered or judgments awarded for claims.
Employment Practices
Liability Insurance (EPLI)
Even at companies that promote inclusion and diversity with best practices in place, employees may feel they have been discriminated against, paid unfairly, harassed, or wrongfully terminated. These circumstances often lead to employee claims against the company, and monetary damages are sought. An expensive payout may be the outcome if your company is found liable for restitution. Even if you are exonerated, legal bills can be crushing.
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EPLI insurance is designed to cover legal fees, settlements, and damage awards that result from employee claims of misconduct against your company's employees and managers.
Crime Insurance
Coverage is designed to protect organizations from loss of money, securities, or inventory resulting from crime. Common Fidelity/Crime insurance claims allege employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts.
Cyber Insurance
Cyber insurance generally protects your business from cybercrimes like data breaches that could compromise sensitive customer information such as Social Security Numbers, health records, and credit card numbers.
Fiduciary Liability Insurance
Fiduciary Liability insurance is designed to protect companies that sponsor an employee benefits plan, such as a retirement plan, health plan, life insurance, disability plan, etc. The coverage can be issued to either the employer that sponsors the benefits plan or the plan itself. It is designed to protect you against allegations that the fiduciary-the money or benefits handler-has breached his or her duty.
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Allegations can involve an error or negligence in administering a plan, including but not necessarily limited to misinterpretation of plan documents, providing imprudent investment options to plan participants, misrepresenting investments, mishandling enrollment or other paperwork, and giving bad advice or faulty instructions to participants. Fiduciary policies can cover expenses associated with civil lawsuits, written demands for damages that haven't proceeded to court, administrative or regulatory actions, and investigations by the government or an official agency.
Kidnap, Ransom &
Extortion (KR&E) Insurance
In our complex and connected global world, organizations and high-net-worth individuals at home and abroad are targets of kidnap, ransom, and extortion crimes. Securance partners with carriers that not only provide insurance to respond to these types of crimes but when a crisis occurs, their professional response partners will help manage and resolve these threats.
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KR&E insurance policies provide coverage or monies paid to kidnappers or extortionists, loss of ransom in transit, and other expenses incurred as a result of a kidnapping or illegal detention. Coverage is available to protect the full spectrum of individuals affected by a wide range of crises, including organizational officers or directors, employees, their guests, relatives, volunteers, and those handling demanded payments.
Our Independence
Delivers Value
Securance is recognized as one of the top independent insurance agencies. The professionals at Securance work on your behalf to negotiate coverage terms and pricing for your needs. We have access to a network of leading insurance carriers to offer you competitively priced custom coverage solutions. We’ve earned the trust of thousands of clients across the country because of the value we deliver as demonstrated by our responsive service, expertise, experience, and commitment to offering comprehensive protection.
You will always have a person to talk to at Securance.
Give us a call at 713-977-6606.
