Data breaches and cyber risk. Intellectual property and patent infringement. Global and local jurisdictional challenges. Directors and officers liability. Professional reputations. These are just some of the issues facing your organization.
In an increasingly complex environment for executive-related risk, finding an industry and product specialist with the resources and expertise to assist you in protecting your interests is vital. Marsh’s FINPRO Practice helps you anticipate, model, and manage threats to your business. Our risk advisors around the globe guide your company on issues ranging from litigation to extortion to fiduciary liability.
Marsh leads the industry, educating insurers on your business risks and customizing coverage to manage specific challenges, enabling you to conduct business with confidence.
The result: stability for your business — which can facilitate innovation and growth, improve cash flow and return on investment, and increase shareholder value.
Directors & Officers Liability
Company directors and officers (D&O) cannot reduce the complexity of the business, legal, and regulatory environment. What they can do, however, is take steps to protect their own personal assets — through a combination of strong corporate governance, broad corporate indemnification, and a risk transfer program that includes a high-quality D&O liability insurance program.
Errors & Omissions Liability
Marsh can help protect you from one of the most overlooked but potentially damaging, liability exposures in business today: errors and omissions (E&O). The legal definition: “Any actual or alleged act, error or omission, misstatement, misleading statement, or breach of fiduciary duty or other duty committed in rendering or failing to render professional services.”
You’re likely to be an excellent candidate for E&O exposure — and E&O Liability coverage — if you:
- Provide a service, especially in technology, for a fee.
- Provide installation, integration, support, maintenance, or related services.
- Manufacture, distribute, or sell computer software, hardware, telecommunications products, and/or components.
- Develop, publish, broadcast, or distribute content (whether or not you charge for it).
Fiduciary and Crime
Marsh Fiduciary and Crime coverages can help protect your organization from loss of money, securities, or other property resulting from dishonest acts. It covers losses from employee dishonesty, as well as losses to third parties caused by theft, if endorsed.
Marsh’s Professional Liability coverage can protect your service organization or legal practice, helping defray the cost of legal defense following a claim for an error, omission, or negligence in the performance of your professional services. Some insurance policies also provide coverage for privacy violations and breaches of computer security.