Insurance

Directors and officers (D&O) liability

Can protect an insurer’s directors and officers and reimburse the company if shareholders or regulators allege a breach of duty.

Can include individual liability (Side A), company reimbursement (Side B) and entity coverage (Side C)

Professional liability (E&O)

Typically pays defense costs and settlements up to its limits if someone accuses an insurer of negligent advice or incomplete work.

Can include professional error, cost of defense and settlements and court awards

Cyber

Is designed to respond to data breaches and ransomware, including forensic investigation, notification, lost income and resulting lawsuits.

Can include breach response, business interruption and security failure liability

Fidelity bond

Can pay losses when an employee steals, forges documents or manipulates records, and some policies also pay for the investigation.

Can include dishonest employees, computer fraud, forged or altered documents and stolen client property

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.