Errors and Omissions insurance provides coverage for lawsuits that are a result of the provision of professional services. We work with our clients in helping them analyze the coverages most suitable for them. Depending upon the industry, state, size and history of the company, any number of professional liability options are available. We maintain strong relationships with many carriers that can custom tailor a program for your organization. We have brokers on staff that are licensed in 15 states and have relationships with brokers in the remaining states.
Directors and Officers insurance is one of the fasted growing areas of our practice. The ever changing legal environment has led to a need for officers and directors to be protected from the business pursuits of the entities they are associated with. Increasingly, officers and directors are held liable for day to day management decisions such as hiring and firing, investment choices, and even failure to maintain the proper amount of insurances for their businesses. Their liability lies in the inability to establish policies and procedures designed to mitigate negative consequences the the day to day operations. Our programs, review the risks of each company and design programs specific to the needs of each client. For example, improperly worded By-Laws could invalidate D&O coverage, even though a policy is in force.
Employment Practices Liability Insurance is a must for virtually any business. Employment Practices Liability Insurance ( EPLI ) provides protection for employers from lawsuits associated with every day employment activities of their company. EPLI can help protect against lawsuits relating to:
Fiduciary insurance refers to insurance protection against claims for mishandling or misappropriating funds of other for which the company is maintains control over. A common fiduciary responsibility could be the management and control over a company's 401K and pension plans. Officers and Directors can be held individually responsible for the mismanagement or misappropriation of assets held on behalf of others.
Crime insurance refers to insurance protection against claims for theft of the company's money or other assets. Crime insurance is important since the theft of the company's money and securities could affect their ability to continue at all. Many Directors and Officers (D&Os) lawsuits are brought about because of a theft and the Directors and Officers failed to put proper safeguards in place or failed to maintain proper insurances against the theft.
Malpractice refers to liability insurance protection for individuals such as doctors, lawyers and accountants. We custom tailor programs for each of our clients in order to best meet their needs as they relates to risk, risk management and retention. Our programs provide the flexibility to expand or contract as business needs change and in some cases to help insureds participate in the savings of profitable years.
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In California and Texas as NJ Axis Insurance Services, LLC. In New York DBA NJ Axis Insurance Agency.
