OUR SERVICES

PROFESSIONAL LIABILITY INSURANCE (PLI or E&O) protects businesses and professionals from financial losses and lawsuits when they make mistakes or omissions (alleged, frivolous, or legitimate) while performing their duties.  This type of liability exposure is not generally covered under standard Commercial General Liability (CGL) policies or Business Owners Policies (BOP).  It also helps businesses respond to claims, manage litigation, and meet contractual requirements. Some professionals are required to carry this insurance, while others opt to carry it as added protection.  

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COVERS

• Claims of negligence, misrepresentation, or inaccurate advice

• Certain damages caused by things you did or should have done 

• Copyright infringement and personal injury may be covered

• Specialized professionals that may be vulnerable to lawsuits from dissatisfied clients

• Legal expenses, including defense costs and indemnity/judgment/settlement costs  ​

DIRECTORS & OFFICERS INSURANCE applies to anyone who serves as a director or an officer of a for-profit business or nonprofit organization. Small, private companies are susceptible to lawsuits from customers, vendors, and other third parties.  Large, public companies also deal with lawsuits from disgruntled shareholders.

COVERS

• Personal losses for directors and officers

• Legal fees or other costs incurred in defending D&O against lawsuits

• Coverage can also extend to criminal and regulatory investigations or trial defense costs

• Claims where the company refuses to or is financially unable to pay for indemnification  

• Losses of directors and officers when the company does grant indemnification 

• "Entity coverage" extends coverage for the corporate entity itself

CYBER LIABILITY INSURANCE, also known as cybersecurity insurance, aids businesses in recovery from financial losses caused by cyber-attacks.   It's recommended for all businesses, not just businesses that handle sensitive information or conduct business online. It can also help businesses prepare for, respond to, and recover from cyberattacks including providing coverage for legal expenses and other costs.

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COVERS

• Data breaches: recovery and replacement of lost or stolen data 

• Cyber extortion: payments to recover locked files in a ransomware attack 

• Lost income due to business interruption or network outages 

• Legal expenses: legal services to meet state and federal regulations and lawsuits related to customer privacy 

• Notification expenses: customer notification and call center services to alert affected customers 

• Crisis management and public relations 

EMPLOYMENT PRACTICES LIABILITY INSURANCE protects businesses from lawsuits alleging wrongful employment practices. It can cover claims of discrimination, harassment, wrongful termination, wage and hour violations, and more, along with the legal/defense costs associated with said claims. It fills a coverage gap that is not usually covered by general business liability insurance. ​

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COVERS

• Wrongful termination

• Discrimination

• Sexual harassment

• Breach of contract

• Negligent hiring or supervision

• Failure to promote

• Retaliation

• Invasion of privacy​

Cairn Insurance works with top-tier insurance carriers, brokers, managing general agents, and underwriters who can provide your company with virtually any insurance policy.  Contact our brokers to discuss your unique situation.​

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BUSINESS OWNERS POLICY (BOP)

A BOP is a type of insurance that combines property and liability insurance into one policy. It is often a good choice for small and medium-sized businesses. 

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COVERS

• Damage to your business's structure and business property (contents) 

• Liability claims from injuries that occur at your business

• Accidental damage to a customer's belongings 

• Loss of business income ​