EPL
This tool can be used by employers to screen job applicants.
What is AI?
This exclusion commonly found on a D&O policy excludes claims related to cyber events.
What is a Data & Privacy Exclusion?
This carrier differentiates itself by handling all Management Liability claims locally.
What is Travelers Insurance?
This policy provides protection from lawsuits filed by vendors, donors, competitors, employees and government regulators.
What is a Non-Profit D&O policy?
This privacy control helps prevent unauthorized access by verifying something you know, something you have, or something you are.
What is Multi-Factor Authentication (MFA)?
This coverage protects employers from claims related to documentation of foreign workers.
What is Immigration Defense?
These are common claimants or situations defended by a D&O policy. ("Five C's")
What are: Customers/Clients, Contracts, Creditors, Competitors, Consolidation?
These suits allege that plan fiduciaries have a legal obligation to act in the best interests of plan participants, including ensuring that the fees charged by service providers are reasonable and necessary for the services provided.
What is Excessive Fee litigation?
This coverage is crucial for all non-profit organizations that only use volunteers.
What is EPL?
This is the process of converting data into an unreadable format so only authorized parties can access it by using a secret key to decrypt it.
What is encryption?
These are offerings from carriers that help Insureds prevent claims.
What are risk management services?
This is often required by a company acquiring another company for acts that happen prior to the sale.
What is a D&O tail/run-off policy?
Events that have triggered this cyber coverage include outages at service providers such as CDK Global, Change Healthcare and PowerSchool.
What is Dependent Business Interruption (DBI)?
The Directors and Officers of a non-profit often require the organization to carry D&O insurance because these assets can be targeted in a claim situation.
What are the personal assets of D&O’s?
This currency is what threat actors demand for ransomware payments.
What is Bitcoin?
This coverage could be triggered when someone claims they cannot access a company’s website due to a disability.
What is 3rd party EPL for ADA violation?
This D&O insuring agreement is triggered when a company cannot indemnify their officers and pay the retention of the D&O policy.
What is Side A Coverage?
This claim is paid when a client alleges theft by an Insured's employee.
What is an Employee Theft of Client Property claim?
Some carriers exclude this coverage for claims that allege that the board did not purchase proper insurance.
What is failure to maintain insurance?
This coverage pays for costs associated with hiring a forensic accounting firm to establish a proof of loss to establish a loss of income in a business interruption scenario.
What are Accounting Costs?
This coverage could be triggered when an Insured violates FLSA.
What is Wage and Hour?
Bonus: What does FLSA stand for?
This qualified retirement plan gives workers ownership interest in their company through shares of stock.
What is an Employee Stock Ownership Plan (ESOP)?
This provision in some crime policies requires an Insured to follow a specific procedure for a social engineering claim to be paid.
What is a call back provision?
When a Non-Profit D&O policy is structured so that costs to defend a claim do not erode the aggregate limit.
What is defense outside the limits (DOL)?
This value add service provided to existing Cyber customers has resulted in a 20% lower risk of Cyber incident and 27% lower claim costs when customers register their account on the Cyber Risk Dashboard.
What are Travelers Cyber Risk Services?