No business is 100 percent immune from lawsuits. Claims can be brought by employees, non-employees, or investors. Liveoak Agency, Inc. can help protect your company’s assets with a Professional Liability Insurance Policy. Our professional liability line of products includes:

• Employment Practices Liability Insurance
• Directors & Officers Insurance
• Errors & Omissions Insurance.

Employment Practices Liability Insurance

What Is Employment Practices Liability Insurance?

Employment Practices Liability Insurance, also known as EPL or EPLI, provides coverage against claims made by employees charging the employer with discrimination, harassment, wrongful termination, or other employment related issues.

What Will an EPLI Policy Cost?

A variety of factors can affect the cost of insuring your business for EPLI coverage, such as:
Number of employees;
Percentage of employee turnover;
Employee litigation history of the company;
If the company has a best practices plan in place.

How is an EPLI Policy Written?

Depending on the size of the company, EPLI coverage can be an addition to a General Liability Policy or a Business Owner’s Policy. Additionally, a stand-alone EPLI policy can be written in conjunction with your Business Owner’s Policy.

Directors and Officers Liability Insurance

What Is Directors and Officers Liability Insurance?

Business insurance policies provide protection for the business itself. That can leave individual company officers personally exposed to the threat of financial loss as the result of a lawsuit. Directors and Officers Liability Insurance, sometimes referred to as a D&O Policy, adds a layer of liability protection specifically for the business’s directors and officers.

What Does a D&O Policy Cover?

A D&O policy will help cover corporate leadership in the event of claims for:

• Failure to comply with laws and/or regulations;
• Employment practices;
• Human Resources issues;
• Pollution or other regulatory claims;
• Cyber liability;Failure and/or disregard of fiduciary duties.

What Does a D&O Policy Exclude

There are standard exclusions for all D&O policies that typically include:

• Illegal compensation exclusions;
• Personal profiting;
• Fraud;
• Bodily injury and/or property damage
• Errors and Omissions Insurance

What Is Errors and Omissions Insurance?

Errors and Omissions insurance, frequently called E&O Insurance, is professional liability insurance that offers protection from claims of failure to perform or negligence specifically for your professional services business

What Does an E&O Policy Cover?

• Personal injury claims – libel or slander
• Copyright infringement
• Actual or alleged negligence
• Defense costs

What Does an E&O Policy Not Cover?

• False advertising
• Employment matters
• Fraudulent acts
• Third-party bodily injury or property damage
• Patents and trade secrets