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Commercial Casualty & Liability Insurance

Do You Need Personal or Business Insurance?

What type of insurance do you need?

Casualty/Liability coverages help businesses protect their bottom line against the cost of injuries or damages to employees or others on their premises or due to their products or drivers. We offer a wide variety of liability coverages including Workers’ Compensation, Commercial Auto, Commercial Umbrella, Management and Professional liability.

Employment Practices Liability

Employment Practices Liability (EPL) insurance covers companies or organizations with one or more employees and provides important coverage to individual employees and the corporation for wrongful employment practices claims. “Wrongful employment practices” can include:

* Failure to promote
* Wrongful dismissal (including retaliation)
* Misrepresentation
* Discrimination
* Negligent evaluation
* Wrongful discipline
* Defamation
* Invasion of privacy
* Emotional distress
* Harassment

Directors & Officers (D&O) Liability

Directors and officers are responsible for managing corporations. Consequently they are exposed to substantial risk of personal liability for costs of settlements, judgments, and defense associated with lawsuits and other legal proceedings brought against them. Directors & Officers Liability insurance covers directors and officers of public, private and not-for-profit corporations for loss (damages and defense costs) arising out of a claim by reason of an error or omission or conduct in their capacity as directors or officers. Coverage is also provided for the corporation for reimbursement of payments it is legally obligated or permitted to make in indemnifying the directors and officers.

Common claims allege:

  • Breach of Duty
  • Neglect
  • Misrepresentations
  • Harassment
  • Defamation
  • Trademark, copyright or patent infringement
  • Misstatements
    Errors and omissions of directors and officers
  • Discrimination
  • Security law violations
  • Wrongful termination
  • Antitrust violations

Professional Liability/Errors and Omissions (E&O)

In our increasingly service–oriented society, more people rely on professionals to exercise intellectual judgment in their particular field of knowledge. If the professional fails to meet the standard of conduct for the profession, their clients are prone to look to the professionals to recoup their losses. Professional Liability/Errors and Omissions (E&O) covers companies and individuals (employees, partners, officers, directors) for loss arising out of a claim by reason of acts, errors or omissions in their performance of professional duties. Common claims allege negligence, misrepresentation, design errors, violation of good faith and fair dealing and inaccurate advice.

E&O coverage is often tailored to the type of service you provide. Please call us to discuss specifics on E&O for Architects and Engineers, Real Estate, CPA Firms, Bookkeepers, Financial Service Providers, and Attorneys. We also offer Miscellaneous Professional Liability and Technology Errors and Omissions for hardware, software consulting and manufacturing firms.

Crime/Fidelity Insurance Crime/Fidelity insurance indemnifies a company for losses arising out of employee dishonesty, lost or stolen monies or securities, forgery or alteration of checks or securities, theft or robbery of property whether on premises or in transit, and computer and wire transfer fraud.

Crime/Fidelity insurance can cover losses from:

  • Employee dishonesty
  • Forgery or alterations
  • Theft, disappearance and destruction
  • Robbery and safe burglary
  • Money orders and counterfeit paper currency coverage
  • Computer fraud and funds transfer fraud
  • Corporate credit card fraud

Workers' Compensation

Workers' Compensation coverage delivers the necessary and important statutory medical and indemnity benefits to employees for injuries arising from their jobs. Injured workers are provided coverage for required medical treatment and benefits for loss of time from work. IQ Risk can help businesses manage those costs just as they manage any other part of their business. The focus is on early recovery and return to work, which can lead to decreases in claim frequency and severity, lower loss costs and higher productivity for policyholders.

Commercial Automobile

Commercial Automobile offers comprehensive protection for owned vehicles, extending coverage for automobile liability and uninsured motorists, which is required in many jurisdictions by law. In addition, in no-fault states Commercial Automobile affords coverage for personal injury protection (no-fault). Available optional coverages include liability coverage for hired and non-owned automobiles used in conjunction with the business, medical payments and physical damage (comprehensive and collision).

Commercial Umbrella

Commercial Umbrella is a flexible product that takes over where standard business insurance leaves off by providing an additional layer of business liability coverage against catastrophic loss. It is intended to be a broad form of excess coverage over primary coverages for automobile liability, general liability and employers´ liability and may be amended to cover aircraft and watercraft liability.