Insurance that protects the insured against financial loss because of legal liability for automobile-related injuries to others or damage to their property by an auto. Can also insure against damage to the insured’s own vehicle with physical damage insurance.
Includes coverage for employee theft of money, securities, or property, written with a per loss limit, a per employee limit, or a per position limit and other crime exposures.
The advent of electronic medical records, in conjunction with mandates stemming from data-information breeches, has fueled the need for Cyber Liability Insurance. Cyber Liability-related claims are for the most part excluded by the traditional insurance coverage purchased by hospitals and medical providers. Most notably, but not exclusively, cyber policies cover a business’ liability for a data breach in which the firm’s customers’ personal information, such as Social Security or personal healthcare information, is exposed or stolen by a hacker or other criminal who has gained access to such data.
ProCon has developed a Cyber Liability program specifically designed or hospitals and leveraged the buying power of the group, resulting in broad coverage with an extremely competitive pricing model. The policies cover a variety of expenses associated with data breaches, including: notification costs, credit monitoring, costs to defend claims by state regulators, fines and penalties, and loss resulting from identity theft.
A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer.
Covers wrongful acts arising from the employment process. The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, retaliation, employment-related: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation.
Consolidates equipment maintenance contracts under one agreement with one renewal date and consistent terms and conditions. Savings average 19% over traditional method of purchasing individual extended service contracts from OEMs.
Covers the responsibility on trustees, employers, fiduciaries, professional administrators, and the plan itself with respect to errors and omissions (E&O) in the administration of employee benefit programs as imposed by the Employee Retirement Income Security Act (ERISA).
Specialty crime coverage that insures against loss by the surrender of property as a result of a threat of harm to the named insured, an employee, or a relative or guest of the insured or the insured’s employees.
Written to cover organizations engaged in delivering medical services on a managed-care basis, such as health maintenance organizations (HMOs). Representative types of claims covered by the policies include allegations of negligent provider selection, direct professional liability, and wrongful denial of treatment.
First-party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion. Among other things, can cover buildings, contents, and loss of business income.