Excess Liability Insurance
As a business owner, you worry for the future of your company and staying afloat when many businesses are going under. Owning and operating a successful business has required you to be a risk taker, fearless and resilient in the face of adversity. But what would you do if you were served with a lawsuit? Would your business be able to withstand the financial devastation of a lawsuit?
Aurora Excess Liability will cover your business from catastrophic issues that threaten its security. An excess liability policy acts as an umbrella to your basic liability insurance when a claim is made against you that exceeds the amount of your existing coverage. Excess liability provides a safety net when your other coverages have been exhausted.
Your basic insurance policies are essential for your business’s survival. They offer your company a blanket of security with so many risks and dangers working toward bringing you down. But unfortunately, these coverage’s will only you cover you to a certain extent.
Aurora Specialty Liability Insurance
General Liability insurance does not protect your business against claims of professional negligence, or for failure to perform your professional duties. For this type of coverage, the business will need a separate Professional Liability policy. Professional Liability Insurance protects your business against loss from a claim of alleged negligent acts, errors or omissions in the performance of your professional services.
The policy normally pays for any resulting judgments against you, including court costs, up to the coverage limits on your policy.
Employment Practices Liability
Employment practices liability coverage protects an employer against an employee’s claims such as:
Wrongful Termination
Sexual or Workplace Harassment
Wrongful Discipline
Age Discrimination
Violation of Employment Discrimination Laws
Violation of Americans with Disabilities Act
Wrongful Failure to Employ or Promote
Wrongful Deprivation of a Career Opportunity
Breach of Employment Contract
Employment Related Misrepresentation
Failure to Adopt Adequate Workplace Employment Policies & Procedures
Illegal Retaliatory Treatment
Invasion of Privacy
Negligent Evaluation
Employment Related Wrongful Infliction of Emotional Distress
The purpose of this Aurora Excess Liability insurance is to protect the corporation, directors, officers and employees from alleged employment-relatedwrongful acts. Some features to having this policy are Coverage for front/back pay, attorneys’ fees and compensatory damages, for punitive damages where insurable by law, for actual or alleged retaliatory treatment, varying retention’s for class action suits or other claims, for emotional distress or mental anguish, no purposeful or intentional acts exclusion or reductions in force or mass layoffs exclusion.*
*Coverage varies from company to company.
Aurora Directors & Officers Liability
Directors and officers liability coverage protects directors and officers against claims alleging negligence, errors and omissions, misstatements, misleading statements and misrepresentations. Most organizations have a general liability policy that protects its directors and officers against negligent acts that result in bodily injury or property damage. However, general liability does not protect against alleged wrongful acts or omissions, including breach of duty, which do not result in bodily injury.
Directors and officers coverage protects your executives from potential lawsuits resulting from key decisions or management practices-lawsuits that may target their personal assets. A comprehensive Directors & Officers liability policy can provide the following:
Directors
Officers
Committee Members
Volunteers
Trustees or Employees
Aurora Pollution / Environmental Liability
Environmental coverage generally falls into two categories. Errors and omissions coverage, also known as professional liability, protects a professional who mistakenly designs a facility that causes pollution in some way. Pollution incident coverage protects professionals on the job in case they cause a pollution incident by perhaps backing into a sewage pipe.
Policies for environmental consultants can feature broad coverage specifically tailored to the specific needs of a professional in the environmental field. Coverage may include pollution incident and asbestos coverage as well as retroactive coverage for eligible firms.
Give your business the coverage it needs with excess liability from DCInsurers. Contact us right now for more information or fill out the free, no obligation form to receive a fast quote.
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