Change in global and local regulations pose unprecedented challenges to companies. As businesses spread their wings beyond their home countries, it is extremely important to comply with varied regulations - Directors’ and officers’ Liability, Professional Liability, Employment Practices Liability are just to name a few. Our executive risk team assists the client in evaluating, negotiating, and enforcing your directors and officers (D&O), Employment practices and other management liability insurance policies. Our clients range from Fortune 500 corporations to small, private, and not-for-profit entities.
To ensure that the client is adequately protected, we understand the client’s business and risk transfer needs. We study current insurance programs and do a holistic evaluation of how well the client is protected. As a part of this process, we employ our substantial claims experience to assess your policy’s response in the event of a claim.
In order to help clients get the broadest possible coverage, we utilize our extensive library of policies, checklists, and available endorsements to determine how the client’s policy compares to what is available in the marketplace. Using this information and the experience gained from reviewing numerous policies each year, we suggest coverage enhancements and provide wording for requested endorsements.
Armed with the knowledge of what the marketplace will provide, we negotiate selected coverage enhancements using our precedent files, which show how an insurer has responded to similar requests in the past. Obtaining significant policy enhancements for our clients is our highest priority.
In addition to making sure each insurance policy provides strong protection, we also bring in the capabilities to review corporate bylaws, indemnification agreements and other corporate documents to make sure the they all work together with the clients’s insurance policies.
Being the Director or an officer of a company, the individual needs to take a lot of decisions day in day out. The increasing fiduciary duties and responsibility being imposed on them makes this risk imperative to cover in today’s business environment. To further this, employment-related liability claims with respect to wrongful termination and harassment may be filed against the Director or Officer.
This insurance takes care of liabilities that may fall on the Director and Officers of a company and protects their interest. Directors and Officers liability insurance is akin to corporate governance, corporate law, and the fiduciary duty owed to stakeholders, such as shareholders and beneficiaries. We step in to evaluate such risks and blueprint appropriate coverages with the most suited carrier to protect individuals from personal losses if they are sued as a result of serving as a director or an officer of a business or other type of organization.
Our endeavor is to help clients during the time of claim and loss settlements. Given the high legal costs involved during such incidents, we ensure that the client’s interest is always protected.
The 21st century workplace is a complicated space with people from multiple backgrounds converging to work together. This poses a multitude of employment-related risks which could be potentially damaging exposures, often centering around sexual harassment, wrongful termination, or discrimination. If an organization has a global presence, then this risk is particularly heightened. The size and degree of the damages could vary from financial disaster and/or irreparable damage to an organization’s reputation. The allegations can range from Discrimination, Harassment (sexual or otherwise), Failure to provide equal opportunity of employment, Wrongful termination, Retaliation, Failure to employ or promote, Negligent evaluation, Libel, Slander, or humiliation, Infliction of emotional distress, wrongful failure to provide or enforce corporate policies, Violation of an employee’s civil rights, etc. This coverage can be opted under the Directors and Officer's policy or as a standalone cover as well.
Our advisory helps to evaluate the client’s exposures given the industry the client operates in, HR practices, global presence. On the basis of our evaluation, we suggest the best suited coverage for our client’s requirement.
We have vast experience working as a full-service insurance broking agency.
See some of the commercial insurances