Property & Casualty White Papers

Organizations trust their senior leaders to make important decisions and act with stakeholders’ (e.g., shareholders, customers and employees) best interests in mind.

However, in today’s climate of increased corporate accountability, protecting your senior leadership team from directors and officers (D&O) liability exposures can be a significant challenge—making D&O coverage a crucial aspect of your organization’s risk management program.    

Coverage insights header image When underwriters evaluate a commercial building, they generally examine four specific characteristics— construction, occupancy, protection and exposure (COPE).

It’s not uncommon for insureds to overlook how the underlying construction of their buildings impacts their insurance. However, when it comes to property coverage, the construction class is critical and can affect rates and the overall insurability of the structure.      

Coverage insights header image Whether they’re transporting materials and tools to worksites, hauling goods for deliveries or driving to meet clients—organizations of all sizes and industries rely on safe, functioning vehicles to serve their customers and generate profit.

But, while utilizing a commercial fleet can offer numerous benefits, it can also create additional risks. As such, commercial auto insurance has become invaluable for any organization that operates vehicles as part of their operations.    

The Occupational Safety and Health Administration (OSHA) oversees a whistleblower protection program that enforces the whistleblower provisions of more than 20 federal statutes.

These provisions protect employees from retaliation for reporting violations of various laws and for engaging in other related protected activities.      

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These days, floods, earthquakes and similar catastrophes are common threats to a business’s property.

In fact, according to the Insurance Information Institute, natural disasters cause billions of dollars in property losses in the United States each year.

While commercial property insurance is an essential component of a business’s risk management portfolio, it can exclude coverage for floods and earthquakes. To address potential gaps in coverage, many businesses secure difference-in-conditions (DIC) insurance. This Coverage Insights provides an overview of DIC insurance, including what it is and what types of businesses can benefit from such a policy.

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As an employer, you care about making your workforce feel valued and managing your organization successfully.

However, even if you do everything you can to ensure smooth relationships with your staff, employment practices liability (EPL) risks remain. That’s why it’s crucial for your organization to have EPL coverage. Such a policy can offer protection for claims that result from employees alleging various employment-related issues—such as discrimination, harassment and wrongful termination.

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Maintaining adequate insurance coverage is an important practice within any organization.

A key element of ensuring a robust insurance program is to take steps to avoid experiencing potential gaps in coverage during policy transition periods.

One common cause of such coverage gaps stems from claims that are reported after a policy expires. Fortunately, that’s where an extended reporting period (ERP) can help. Review the following guidance for more information on ERPs and when to consider implementing this offering.