EPL
This state is by far the most litigious and expensive from an employment practices perspective.
What is California?
An exclusion that is commonly added to a D&O policy when the Insured is owned by family members.
What is a Family Exclusion?
A key advantage to WRAP+ policy holders providing legal expertise specific to the area.
What is local claim counsel?
Crime policies typically do not have one of these limits, meaning that the limit applies separately to each loss.
What is an Aggregate Limit?
A type of malicious software designed to block access to a computer system until a sum of money is paid.
What is Ransomware?
Almost always capped with a sub-limit of $250,000 or below, this EPL coverage covers defense expenses related to overtime disputes and labor law violations.
What is Wage & Hour?
This policy condition obligates the insurance carrier to defend the insured from all claims, including elements that are NOT covered.
What is Duty to Defend coverage?
A policy that is written for longer than a year, which eliminates the need for annual renewals and can help to stabilize costs.
What is a Multi-Year Policy?
Businesses that provide services on a client's premises are often required by their clients to have this type of Crime coverage.
A hidden part of the internet that allows users to remain anonymous and access content that is otherwise inaccessible
What is the Dark Web?
A common type of EPL claim filed when an employee believes their employer took adverse action against them for reporting misconduct.
What is Retaliation?
This is the retention for "Side A" D&O claims, which protects the personal assets of directors and officers when the company is unable to indemnify them.
What is $0?
No-cost online resource that provides Travelers' Insureds sexual harassment training, sample employee handbooks, model policies and articles to keep employers up to date.
This is the most common type of Crime Claim.
What is Social Engineering?
This is the most common type of Cyber Claim.
What is Social Engineering?
The temporary suspension or permanent termination of employment due to a shortage of work.
What is a layoff?
This insurance protects professionals against claims of mistakes, negligence, inadequate work, or misrepresentation.
What is E&O? (Errors & Omissions, Professional Liability Insurance)
Your local underwriting team available to your agency for all of your Management Liability needs.
Who are Arin and Jessica?
Most Crime policies are written using this form, which only covers claims that are discovered during the policy period, regardless of when the incident occurred.
What is a Discovery-Based form?
These Cyber insuring agreements can be stacked with the same coverages offered on a commercial crime policy.
What are Cyber Crime coverages?
Computer Fraud
Funds Transfer Fraud
Social Engineering Fraud
Telecommunications Fraud
This Washington law requires job postings to include salary ranges and has led to significant losses in recent years.
What is the Equal Pay and Opportunities Act (EPOA)?
These laws promote competition and protect consumers from anticompetitive practices such as bid rigging, price fixing, and monopolies.
What is Antitrust?
These no-cost resources include always-on threat monitoring and alerts, expert guidance from our in-house team of experts, 24/7 cyber risk dashboard, and more.
What are Cyber Risk Services?
What is a scheme where a criminal tricks a bank into sending money under false pretenses, resulting in an unauthorized transfer from the Insured’s account?
What is Funds Transfer Fraud?
Sometimes called "Reverse Social Engineering" this type of claim happens when a fraudster tricks a customer/client/vendor of the Insured into paying funds to their bank account instead of the Insured's.
What is Vendor/Client Payment Fraud (or Invoice Manipulation)?