Liability

General Liability

Protecting your assets from litigation is a must in today’s business climate.  A Commercial General Liability policy affords you protection against claims arising out of bodily injury, property damage, and personal injury including defamation, libel, slander, products or your work as well as the ever-increasing legal defense costs associated with the investigation, handling and ultimate settlement or conclusion of a claim. The coverage you need depends on your particular industry and the risks associated with it.  Advocate Brokerage will partner with you to conduct a thorough in-depth analysis of your business to determine the most comprehensive plan to safeguard your exposures.

Professional Liability

When your business function is to provide specialized services or to advise clients based on specialized knowledge, the reality of doing business in today’s world means that you could be at risk for a lawsuit.  We help businesses find the right type of Professional Liability, Errors & Omissions, or Malpractices insurance to protect from lawsuits involving wrongful acts or failure to perform a contractual obligation. If you are an accountant, attorney, architect, engineer, business consultant, counselor, designer or physician you may want to schedule a conversation with Advocate Brokerage to discuss a professional liability policy.

Cyber Liability

If you utilize technology to do business and/or maintain personal information such as medical records or credit card information then considering Cyber Liability Insurance may be a smart move.  A cyber liability policy can protect your business from a myriad of risks that include: security breaches, theft of records, the loss and/or sharing of personal information to network and data breaches as well as media and communication liability.  The type of coverage needed will depend entirely on the specifics of your business.  With Advocate as your business insurance broker, you will have the peace of mind that comes with knowing your business has been given a complete review, potential risks have been considered and the coverage presented protects you from threats on a variety of levels.

Directors & Officers

Give your loyal management team peace of mind knowing that they are protected in the event a lawsuit is brought against the company for the decisions of management.  A Directors & Officers policy, referred to as D&O, fills in the gaps left by your company’s General Liability Insurance and protects the company as well as your top employees’ personal assets.

A D&O policy offers protection for the company, the company’s officers and the board of directors for a wide array of claims.  Offering this type of protection allows you to attract top level talent for open positions within your company and lets your current management team know that you have their back.

Employment Practices Liability

In today’s day and age where lawsuits are common practice, it has become very important for businesses of all sizes to be sure they are protected against charges brought against them for alleged unethical employment practices.  Employment Practices Liability or EPLI as it is commonly referred offers protection for lawsuits filed by current employees, former employees as well as potential candidates for employment.  It can provide a safeguard against employee-related lawsuits for discrimination, sexual harassment, wrongful termination, workplace bullying, as well as claims of emotional duress, invasion of privacy and a failure to promote.  EPLI coverage may also be extended to provide cost of defense coverage for Wage & Hour claims.

As your Advocate, we want to come along your side and help you ensure you are doing all you can to prevent EPLI suits.  Our in-depth understanding of your business allows us to match you with insurance partners who will not only offer first class EPLI coverage, but also offer resources to help reduce the instances of lawsuits and help you to prepare in the event they occur.

Fiduciary Liability

As an employer, you want to attract top talent to keep your customers happy. Once that talent becomes a valued member of your team, you want to make sure to keep them happy as well so they stay a valued team member.  In both cases, that sometimes comes down to a well-structured benefit package. However, providing benefits for your employees is not without risk.  Your company, its directors, officers and any other employee who has a hand in administering the plan can be accused of breaching fiduciary liability.

If you offer your employees a benefits package that includes 401K plans, pensions or welfare benefits, a Fiduciary Liability policy becomes important.  We can help you find a plan that will protect you from lawsuits that result from the appearance of wrongdoing, inadvertent errors, omissions or a breach of duties.