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Insurance-Related Terms Explained (in Plain English)

Professional liability insurance explained
Professional liability insurance is a type of liability insurance specifically for individuals and organizations that provide professional services. This insurance policy protects professionals when they are ...
Fiduciary Liability Insurance protects fiduciaries of pension and employee benefit plans from loss due to claims of mismanagement, errors or omissions.
EPLI explained
Employment Practices Liability Insurance (EPLI) is an insurance policy that protects organizations, directors, and managers against claims arising from an insured’s injury-causing ...
When directors and officers breach their duties or fail to perform their functions, legal action can be brought against them by different parties. Understand what are the rules governing directors and officers and where potential liabilities may arise.
Loss due to crime
Commercial crime insurance is a type of property insurance designed to cover the loss that an organization suffers from damage to, or destruction or disappearance of, its own property as a direct result of crime. Read...

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