A Chicago Business Insurance Update
According to the latest surveys by major insurers, small to medium sized businesses have a number of critical gaps in their insurance coverage. Most gaps are due to the business owner not fully understanding their risks and how to treat those risk with a well-designed business insurance program. While your business most likely has many of the traditional commercial insurance coverage, there are a few that you may not have thought of, and if purchased these might help fill the gaps in your insurance.
Not So Common Business Insurance Products For Your Organization
Pollution Liability- Protects against the liability that comes with polluting the environment including restoration and cleanup, liability for injuries and deaths caused by pollution.
Cyber Liability- Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. It covers third party losses from hackers, theft, and loss of information including sensitive client or individual personal information.
Directors & Officers Liability– Covers costs, damages, and defense protection to directors and officers of a company resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.
Employment Liability– Employment Liability provides protection for an employer against claims made by employees, former employees, or potential employees. It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.
Professional Liability– Insurance that is designed to cover third party claims, damages and claims arising out of providing professional advice. Many firms create legal obligations arising out of a professional’s errors, negligent acts, or omissions during the course of providing services to clients.
We are ready to help you better understand your risks. Please call our office today.
We believe our greatest asset is the relationships we build with our clients and we are dedicated to being the right choice for all of your insurance and financial needs. We take pride in our ability to tailor a comprehensive insurance package that maximizes your insurance protection while minimizing money out of your pocket.
Slevin Insurance Group understands businesses in the community. You can find our offices in Plainfield, and our clients all around Illinois. As an independent insurance agency in Plainfield, we will work for you.
815-782-5511
