Workers compensation insurance ( employees’ comp insurance) is a required form of insurance taken by many companies. Workers’ comp insurance in the Progressive Commercial AdvantageSM plan covers some of the lost wages for an employee who becomes injured or sick at work as well as medical costs....
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Directors and officers liability Insurance (commonly called D&O) is liability insurance payable to the managers and officials of a business, or to the organization(s) itself. It serves as indemnification (compensation) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful actions in their capacity as managers and officials....
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Quite simply, Key Man Insurance (also referred to as key man protection or key person insurance) is a company insuring itself against the financial loss it might endure if the key individual within their business perished or were identified as having a specified critical illness if selected, through the period of the coverage....
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Nearly all brokers have customers with errors and omissions insurance (E&O) exposure, and the most challenging job the broker may have is convincing the customer that they have the exposure. Here are some easy responses to questions about Errors and Omissions insurance that appear to function best....
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