errors and omissions insurance Infographic: Key Coverages for Today's Businesses | Axis Error & Omission
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Infographic: Key Coverages for Today’s Businesses


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Today’s businesses must understand that nobody is immune to liability risks.

Our infographic above demonstrates some of the key coverages your clients need for a robust insurance program.

Errors & Omissions: Also referred to as Professional Liability, this coverage protects businesses which offer products or services for a fee against legal claims of negligence, bad advise, monetary loss, and more.

Privacy and Cyber Risk: Technology advancements have created increased risks for businesses. This coverage is needed to help preventing personal identification theft as well as mitigate loss after a data breach has occurred.

Commercial Crime: Types of commercial crime include: identity theft, physical theft enabled by illegal access to a company’s property, and more serious crimes.

Employment Practices Liability: EPLI provides financial protection for a company or business, and its employees, against claims related to wrongful employment practices; including wrongful termination, discrimination, and wage and hour disputes.

Fiduciary Insurance: A fiduciary is an individual within an organization who has the authority to act on behalf of others with the obligation to meet a high standard of conduct.

Keeping up with changes in business rules and regulations, while dealing with economic uncertainty, is a consistent and increasing challenge for employers nationwide. This is why it’s not only essential to invest in the right insurance program, but to also ensure that their policies are up-to-date.

Axis Errors & Omissions is a nationally recognized MGA, with direct access to high-quality insurance carriers, competitive rates, and custom insurance solutions designed to meet the needs of your clients.

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Blogged on: September 18, 2015 by Mike Smith
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